Is Now a Good Time to Buy First Home?

Q:  Is now a good time to buy my first home? – Anonymous



A: Absolutely. Homeownership has not been this affordable in 50 years! Here in California, home ownership costs have fallen below renting. Interest rates are beginning to creep back up,though - they are now at 5.1 percent.

Prices are also trending back up; after 30 months of declining values, home prices appear to be stable or appreciating in nearly every U.S. market. Sellers are motivated and supply exceeds demand. So this is a GREAT time to buy!



Valerie Leivo is a Realtor with Keller Williams in Santa Rosa, CA.