Is it really your time to buy a house?
This is another guest post from Joe Plemon from Plemon Financial Coaching. Joe is the Money Columnist for The Southern Illinoisan.
It is a great time to buy a house. Interest rates are the lowest they have been in decades. Housing prices are down and now, the American Recovery and Reinvestment Act of 2009 had dangled another carrot in front of us: a tax credit of up to $8,000. This credit, which expires December 1 of this year, is free money for first time home buyers or anyone who hasn’t owned a principle residence in the past three years.
If you are hyperventilating at the prospect of finally owning your own home, stop and breathe. You are experiencing the early signs of house fever. This ailment has a Steve Urkel effect, causing you to make decisions that you later look back on and ask, “Did I do that?” […]
