Yes, I know, the home values in Boca Raton and Palm Beach County are still declining. But there is still a strong reason to buy now. Interest rates are lower than ever.
Click here for current rates.An interesting article by Dan Kadlec in Time Magazine of February 25, 2008 is "must" reading for anyone trying to time the market. Basically, he explains how a drop in housing prices with a concurrent increase in interest rates will have zero effect on a persons monthly payment. Please see the link below for the article.
So, for everyone who is trying to time the market perfectly, this should be food for thought. My feeling is that we don't know how low this market will go, but I do know that the only way to know that you are at the bottom of the market…
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