So, if your looking for a home, This is probably the best time you will ever find to actually buy that dream home you have always wanted.
The reason why this is true is a simple one, interest rates are down, but they will go up likely starting just after the 2016 election.
So that gives you a clear incentive to buy if your ever going to own a home now is the time.
So there you have it, homes are waiting, but are the banks going to lend the money?
That is the real question, mortgage lending companies are tight and that is not a good place to be.
What is interesting is the near zero interest rate and these fat cat dudes sit up in their ivory towers and make it really difficult to actually buy a home.
They are all afraid of lending because of the condition of all those toxic properties that are even now still on the market unsold.
Why?
The banks are sitting on the money.
Period, they are not lending and that is why even if you wanted to buy a home you would find it very hard to get that done.
So, while its a good time to buy, you may just have to pay cash…