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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous]If you can afford the payment at that rate, it makes sense to buy. If rates go down i) the market could be flooded with buyers, making the prices even worse and ii) you could refi. There's a risk that the market would be flooded with properties and prices would go down, but in the areas we were looking in prices have been stable - even after the 2008 recession. So the prices seem unlikely to drop dramatically. There's just so much demand for upper NW etc. If you're looking in the exurbs, that's a different analysis.[/quote]
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