Dreaming of home? First-time buyers shouldn't worry.

Dreaming of home? First-time buyers shouldn't worry.

Talk about mixed messages. There's concern that housing prices and new mortgage rules might push first-time homebuyers out of the market. But mortgages are still an amazing bargain – historically speaking. So what's a first-time homebuyer to do? Is buying a home right now a reckless risk... or a great, time-limited opportunity?

Home ownership can make great financial sense. Over the long term, residential real estate has been a very strong asset – showing excellent appreciation. Renters who add up what they've shelled out during their renting years are often shocked to see how much mortgage help they've given their landlord. Most would prefer to have that money build their own home equity.

If you're dreaming of a home of your own, then there's good news. Getting into today's housing market isn't out of the question if you do some good common-sense planning.

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