I am not a financial expert. I do know Real Estate and I can tell you that prices are at the lowest they have been in more than 10 years. I have been selling real estate for over 18 years and I have never seen interest rates so low. A client who is working with me now on purchasing her first home just made an offer on a 3 bedroom, one bath home in a nice neighborhood and her estimated payment will be $665/month. This includes mortgage, taxes and insurance. And she is receiving down paymen assistance so only has to put $1,000 down. She will be living in a home with 1/3 acre yard and a two car garage for significantly less than what she was paying for rent.
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