Can it get any better for buyers?

Being a buyer in today's market is the best it's been in decades. Why? For starters, you have a large inventory of homes (almost 3 times as large as it was in 2004). Buyers and renters who can become buyers have the opportunity to purchase a home that just 2 to 3 years ago would have cost 15% to 30% more. In some extreme cases that number is as high as 50%. In addition, ask yourself the last time you had a 5% fixed rate mortgage for a term of longer than 3 to 5 years. It's been decades since rates were this low.

In some cases it now costs more to rent a home than it does to buy a home. Why??? Simple, when foreclosures are on the increase rentals are in greater demand. With this greater demand comes a shortage of housing, and increase of rents, and the cycle begins. Renters who have good credit, and there are many of you out there, should be looking to becoming a homeowner and why not? Yes credit is tighter, yes you will actually have to have a job, yes you will actually have your income verified and yes you do need some money down. If you want to be a homeowner and have everything but the money, FHA even allows a gift from family members to help you so you can become a homeowner. At Homeowners Concept we also have a creative way for getting part or all of the down payment in a form of a rebate (call for details). Furthermore, if you are a first time home buyer the government is offering up to $7,500 tax credit.

It is difficult to imagine how it can get much better for a buyer.