Apr. 15, 2009 - Is now a better time to buy a home?

78% of buyers say...Yes!

Potential first time home buyers surveyed in March, 2009 by Century 21 say that mortgages are now affordable by 72%.  According to the findings the features that first time buyers look for when choosing a home is price. It is the primary consideration with 87 percent saying this feature is "very important," followed closely by neighborhood safety (80 percent) and the condition of the home (71 percent).  Having enough money for a down payment is a top concern of potential first-time home buyers as nearly half (46 percent) said they are "very worried" about the issue. 

In addition to affordable home prices and mortgage rates, the survey also showed strong interest in taking advantage of the recent government stimulus. More than three-quarters (77 percent) of potential first-time home buyers say they are more likely to buy a home in the next six months because of the $8,000 first-time home buyer tax credit offered in the American Recovery and
Reinvestment Act of 2009.

Most respondents (86 percent) are in the market for single family homes. Tom Kunz, Century 21 President/CEO is interviewed on CNBC.

May. 8, 2009 - RE: Is now a better time to buy a home?

I've heard from so many people and read from a multitude of blogs and sites that there couldn't be a more perfect time than now to buy a home. Prices are at record lows, plus programs such as the First Time Home Buyer Tax Credit makes things all the more easier.