Is It The Right Time To Buy A Home?

Refinancing rates have gone through a steady state of turmoil in the last few months. After dropping to all new lows month over month, increasing economic data has begun to show that they have an upward trend that may only continue in the next few years.

The Mortgage Bankers Association (MBA) predicts a heavy downward slope in the refinance market over the next 2 years, that may be helped by the new HARP (Home Affordable Refinance Program), that just debuted in the middle of March, but may not recover in full. Many government programs such as a VA refinance or an FHA Streamline Refinance – that help low income or military get into homes easily — continue to fund programs with efficiency, but eventually even that will not be enough to make up for a shrinking refinance market.

2012 won’t mark the resurgence of the purchase market, but it may mark the end of it’s downward slope. Again, the Mortgage Bankers Association predicts that 2013 will mark the first signs of life for the purchase market, revitalizing a real estate industry that was heavily impacted by a turmoil market state in the last few years.

New students thinking about buying a home should do so now, but only with heavy research and investigation. These recommendations and thoughts about the future state of the purchase and refinance market are only guesses, and many guesses have been made in the past that we have “hit the bottom of the housing crash” – only to see the new bottom arrive in the subsequent year.

If lucky enough to have purchase funds (or the VA or FHA benefits to get into a home), it may be worthwhile to take advantage of a soft market position now. However, there is still real risk attached to this investment (as well as any others), so you may want to hold off as real estate is an illiquid asset class that you may not want to hold early in life. It makes sense when you are settled and less mobile, but in volatile times where jobs are not readily easy to come by, it may make sense to adjust to a more sensible asset such as a stock or bond.

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Is It The Right Time To Buy A Home?

Refinancing rates have gone through a steady state of turmoil in the last few months. After dropping to all new lows month over month, increasing economic data has begun to show that they have an upward trend that may only continue in the next few years.

The Mortgage Bankers Association (MBA) predicts a heavy downward slope in the refinance market over the next 2 years, that may be helped by the new HARP (Home Affordable Refinance Program), that just debuted in the middle of March, but may not recover in full. Many government programs such as a VA refinance or an FHA Streamline Refinance – that help low income or military get into homes easily — continue to fund programs with efficiency, but eventually even that will not be enough to make up for a shrinking refinance market.

2012 won’t mark the resurgence of the purchase market, but it may mark the end of it’s downward slope. Again, the Mortgage Bankers Association predicts that 2013 will mark the first signs of life for the purchase market, revitalizing a real estate industry that was heavily impacted by a turmoil market state in the last few years.

New students thinking about buying a home should do so now, but only with heavy research and investigation. These recommendations and thoughts about the future state of the purchase and refinance market are only guesses, and many guesses have been made in the past that we have “hit the bottom of the housing crash” – only to see the new bottom arrive in the subsequent year.

If lucky enough to have purchase funds (or the VA or FHA benefits to get into a home), it may be worthwhile to take advantage of a soft market position now. However, there is still real risk attached to this investment (as well as any others), so you may want to hold off as real estate is an illiquid asset class that you may not want to hold early in life. It makes sense when you are settled and less mobile, but in volatile times where jobs are not readily easy to come by, it may make sense to adjust to a more sensible asset such as a stock or bond.

1,060 Responses to Is It The Right Time To Buy A Home?
  1. Van chuyen hang hoa thai lan ve viet nam
    August 16, 2018 | 10:18 pm

    “Major thanks for the blog.Much thanks again. Really Great.”

  2. Mandy Sniffen
    August 17, 2018 | 1:49 am

    Good day! I know this is kind of off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!|

  3. Rich Terracina
    August 17, 2018 | 3:18 am

    Do you have a spam issueproblem on this sitewebsiteblog; I also am a blogger, and I was curious aboutwanting to knowwondering your situation; many of uswe have createddeveloped some nice proceduresmethodspractices and we are looking to swaptradeexchange solutionsstrategiesmethodstechniques with other folksothers, why notbe sure toplease shoot me an e-mailemail if interested.

  4. Javier Santorelli
    August 17, 2018 | 4:31 am

    Thank youThanks for any otheranothersome otherevery other greatwonderfulfantasticmagnificentexcellent articlepost. WhereThe place else may justmaycould anyoneanybody get that kind oftype of informationinfo in such a perfectan ideal waymethodmeansapproachmanner of writing? I haveI’ve a presentation nextsubsequent week, and I amI’m at theon the look forsearch for such informationinfo.

  5. Strengthening Your Pelvic Floor Muscles
    August 17, 2018 | 5:06 am

    Looking forward to reading more. Great blog. Great.

  6. Breanna Tinner
    August 17, 2018 | 9:25 am

    I alwaysfor all timeall the timeconstantlyevery time emailed this blogweblogwebpagewebsiteweb site post page to all my friendsassociatescontacts, becausesinceasfor the reason that if like to read it thenafter thatnextafterward my friendslinkscontacts will too.

  7. maglie calcio a poco prezzo
    August 17, 2018 | 10:29 am

    Unbelievably user friendly site. Astounding details readily available on few clicks.

  8. Rodrigo Oleksa
    August 17, 2018 | 2:26 pm

    GreetingsHey thereHeyGood dayHowdyHi thereHello thereHiHello! This is my 1stfirst comment here so I just wanted to give a quick shout out and tell yousay I genuinelytrulyreally enjoy reading throughreading your blog postsarticlesposts. Can you suggestrecommend any other blogs/websites/forums that go overdeal withcover the same subjectstopics? Thank you so muchThanks for your timeThanks a tonAppreciate itThanks a lotMany thanksThanksThank you!

  9. fotbollströjor med tryck
    August 17, 2018 | 3:54 pm

    Amazing this is a useful online site.

  10. CCTV packages
    August 17, 2018 | 6:45 pm

    Really enjoyed this post.Much thanks again. Great.

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