Jack Hough is a columnist at SmartMoney.com and he wrote an article which was published in the Wall Street Journal on October 15, 2011. Here is a link:
In the article, Mr. Hough points out that “two key measures now suggest it’s an excellent time to buy a house either to live in for the long term or for investment income”.
His arguement is supported by the fact that the ratio of house prices to yearly rents is nearly restored to it’s pre-bubble average. And, when today’s historically low mortgage rates are taken into consideration, homes are more affordable than they have been for decades.
The article is a great read for anyone trying to decide if now is a good time to buy a home.
Scot Campbell is the President of The Scot Campbell TEAM at Coldwell Banker-Campbell Realtors in Huntington Beach, CA. He has been a licensed broker for over 21 years and has brokered over 1000 homes and just about every type of transaction imaginable. On his website you can search for homes and obtain an instant home value report: www.RealtyDigestOnline.com He can be reached at 714-960-0700 at the office, 714-336-0394 on his mobile number or via email at Scot.Campbell@ColdwellBanker.com