Question: Is it better to wait until the economic picture is clearer so my house will appreciate?

Answer: No.

 

The fact is, the economy is still solid. After expanding rapidly over the past couple of years, economic growth is moderating – and this is actually good for housing. Most economists predict that overall GDP growth will average about 2.5 percent for the rest of the year. That means that job growth will continue to move forward at a pace that should not trigger higher inflation rates or higher interest rates. This period of moderate economic growth, job creation and low inflation, coupled with a true buyer’s market where there are plenty of homes to choose from, makes this an ideal time to purchase a new home.

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For more information on why now is a great time to buy, visit www.nahb.org