So What’s Going On With Real Estate?
Just a little reminder of the counterintuitive notion that we have been chatting about here lately — that, despite the sluggishness of the housing market, now may be a good time to buy or sell a home.
As new regulations are implemented in response to the mortgage lending crisis, buying or selling a home in the coming months means confronting higher overall fees, including increasing PMI rates and larger down payments. Plus, new rules means new and more complicated paperwork, which, at the end of the day, means higher costs.
This is what we have been saying for the past months — although it seems to go against the grain, now is very much the perfect time to buy or sell a home.
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[...] at Papitto Properties we’ve written often about how now is a great time to buy. A recent Wall Street Journal article reiterates our belief that despite the economy now is a [...]