Waiting for the housing market to hit bottom before you buy?
More and more the “experts” are asserting that we have reached the bottom of the housing market and will now experience a slow but sustainable increase in value. While some are still hesitant to use words like “recovery”, what is undeniable is that housing inventory is down and prices are on the rise.
According to THIS ARTICLE in USA Today, the national average home price rose 5.5% in the 12 month period ending November 2012. Indeed the 2012 statistics for Highland Park show an increase of 3.2% from 2011. Statistics can of course vary. What is clear is that, at least in our area, home prices in many markets are indeed on the rise.
So what are you waiting for? If buying a home is what you desire, NOW is the time.