The economy is MUCH more volatile in the last 10 years than it has been in the history of the world.  At the drop of a hat things change so quickly – this economy is more reactive than it is steady.  With that being said, the housing market fell in just a short two or three years, and it feels like it’s pretty much hit rock bottom.

Interest rates are as low as ever!  Let’s face it, the only direction they are going from here is up.  I really don’t think there is any intention on keeping them low for more than a year, if even for a year.  The reason is they want to spur home buyers into action.  After they’ve done that, money needs to be made up in the national reserve, so they’re going to have to raise rates, otherwise China is going to own the United States of America.

Now let’s consider the prices of materials.  This is one area that actually might continue to drop.  But then again, these low prices are bound to change as soon as they see that it it is the good time to buy, and people are responding to it.

I’ve got a feeling that as soon as home purchasing begins, it’s going to light up so quickly.  For a couple of years now people have started to rent, and that’s not a fun thing to do – put money into somebody’s elses pocket that you will never see back.  As soon as they can get out of that, they will, and that time is probably in the next year or two – and then starts the bidding wars and the higher home prices.

All in all, if you’re looking for a home in Orange County or Peachtree City, then right now is a no brainer to make a home purchase! Yes, right now is a perfect time to buy!