For the first time in a long time, housing figures are coming in better than expected. The National Association of Home Builders' sentiment index jumped three points this month to 20, its highest reading in over a year. Last week, the Commerce Department said building permits and construction of single-family homes rose in October. The Federal Reserve's fourth-quarter loan survey showed a pickup in demand for mortgage loans.
Hmmm.....low interest rates, low prices, improved housing starts.... Something is a miss. Is there just too much inventory? Is credit too tough right now? The answer is simple...who cares. If your buying and holding for up to 5 years. Hands down every time I can show that owning is better than renting or just putting your money under your pillow. My biggest worry is as soon as interest jump a little, there will be a mass entrance to the market...the only problem is, I can't predict when that will be...
No comments:
Post a Comment