Crazy or Crazy Smart?
By Carla Fried
The bad news for the housing market sometimes seems like it will never end. In the latest round of housing data,home prices continued to drop number of home sales. Foreclosures remain a major weight dragging down everything, and then there’s the massive shadow inventory of distressed homes that will create more supply overflow as they are brought onto the market. Add up all of that, and suggesting now is a good time to buy a home is probably less popular than supporting Anthony Weiner. But along with all the bad news are in fact some compelling reasons for getting serious about buying right now. For example, home prices have come down so far in many markets it now makes the cost of buying a better financial deal than renting.