Why It's Time To Buy

A recent article provides more information for prospects on why now is a good time to buy a home. A few highlights:

• Mortgage rates fell to 4.55% at the beginning of June (near 50-year lows).
• The ratio of home prices to income is now 20.9% lower than the 15-year average through 2010, and 12.5% lower than the 1989-2004 average.
• It’s a buyer’s market.
• "Household formations" are on the rise and the excess in housing is “shrinking fast.”