I watched a segment on the Today Show highlighting a new book “How to Make a Fortune” by Ron Insana and if you watched you would feel the same way as i do that now
is an opportune time to BUY! Because the interest rates are at their lowest, and the tax credit is NOT ONLY for first time home buyers it is also for those looking to buy up. Sellers while you may not get ALL the equity you want from your current home, you will be buying a bigger house cheaper, at a lower interest rate and you may be eligible for the tax credit. It is a win-win situation.
For the investor looking to purchase foreclosures again the same applies in a different way in that yes the interest rates are low, yes the prices are at rock bottom and you can still make a profit in reselling or keeping it for awhile and then resell.
REMINDER TO ALL!
You must be contracted by April 30, 2010 and you must close July 1, 2010. There are NO Exceptions!
Good Luck and Happy Investing!