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Reasons to Buy in 2011

I don’t agree with people forecasting the right time to buy a home.  The right time to buy a home is different for every single person.  Unless you have an unlimited amount of money, you are the only one that can determine if it is the right time to buy.  However, there are always factors that play in your favor when buying a home.  Some reasons that have been brewing in the air so far this year of 2011 are:

  1. Mortgage rates are staying low:  Even if rates climb up to 6% by 2012, that is still low compared to where they’ve been historically.
  2. Tax cuts could help: Extending tax cuts could help with a rapid recovery for the economy.
  3. Being a Homeowner is still the American Dream: Recent surveys show that Americans still believe that a home is a safe investment.
  4. Builders are building again: Building has been on hold and now builders think that it has created a demand.
  5. Homes are shrinking: Homes are becoming more affordable because they’re getting smaller in size.

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