Newsweek Says, ‘Now Is the Time!’

Their title is certainly eye-catching: Now’s the Time to Buy Your Dream House. Louisville home buyers don’t have to take just my word for it, now the national experts are starting to follow suit. (I wonder what took them so long.)

So why is now the perfect time?

Well, the reason it’s a perfect time to launch this column should be clear. There is an opportunity in residential real estate ownership unlike any we’ve seen in quite a long time, a perfect storm of sorts that is unlikely to last much longer. Home prices are down, interest rates remain near historical lows, and inventory is high. Thus, those with stable jobs and good credit can find their dream home, pay a price lower than any time in the last five or more years, finance it at a very favorable interest rate, and thereby be perfectly positioned for the housing recovery that the magazine wrote about.

I’ve been preaching the same sermon here, here, here and here.

The bottom line is that if you need to buy a new Louisville house, don’t wait. If you do, you might be looking back thinking about what might have been the best deal of your life.