Interest rates are at all time lows and really can't go much lower. Recent sales volumes are picking up and the current selection of homes is great. If you have been thinking about getting into a home, now is a fantastic opportunity.
Granted your home may not appreciate in value at levels that it seems everyone has become accustomed to, but isn't there value in owning your own place even if it doesn't go up 10%+ per year. I sure think there is. Untli recently a home was a place to live, it provided comfort, security, and a pride. Now, nobody wants to buy a home unless they can make $100,000 on it per year. Welcome back to reality. I find it very surprising how we place so much weight on the past couple of years market and forget about the past 50. Sure the idea of none of us having to work anymore if our house just keeps going up is great, but it is just not sustainable. Owning a home can still be a great way to build wealth, it may just take a little longer. I am pretty sure that all of us at some point over the past couple of years felt that it was too good to be true, and it was.
I think it is really important to take a deep breath, ask ourselves what is most valuable in creating the life that we want to live, and then go out and get it. Don't be scared off by the doom and gloomers still teliing us that the sky is falling, life goes on, so enjoy it. Now is one of the best times to go out and find the home that is right for you. So what are you waiting for?