“Now is the time to buy.” This is something that I hear a lot out there. Most people look at the low interest rates and huge price redutions going on in the housing market and say this. In my opinion, whether or not it’s the time to buy depends entirely on your situation. Are you planning to move in the next 2 years? How secure is your job? Is your family going to be growing or shrinking in the next couple years?
Trulia has a great rent vs. buy calculator that can help you answer the question for yourself here. These caluculators are fun and can be a great jumping off point for starting your decision making process.
