Posted by: Keith Robinson Real Estate | March 16, 2011

Is This A Good Time to Buy A Home?

There are always people willing to sell you a house, but is it a good time to buy?  According to the analysts at the research firm Capital Economics, residential properties are more undervalued relative to income than ever before.  The depreciation of homes due to downward market pressures from distressed properties, like foreclosures and short sales, and the record low mortgage rates have created a wonderful opportunity for buyers.  Capital Economics analysts say that based on industry home price data from the fourth quarter of 2010, when measured against individuals’ disposable income, housing was 15-21% undervalued.  Read more of the details.

Remember, these numbers are national figures and may be more or less depending upon your area.  Check with a trusted real estate advisor to learn more about your area.

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