Wednesday, January 21, 2009

Buying a Home in 2009: Good or Bad?

People are in a big dilemma to choose between buying a home or not.

This has started with the recession that broke out, and washed away all the soaring real estate prices. Now whatever prices existing out there in the industry are tempting people to become home owners.

At the same time they have these problems like job security, consumer confidence, plummeting businesses, and many more factors which are threatening from getting into buying a home.

Prices in 20 major cities of US were estimated to have fallen by around 18 percent. What this means is that you can buy a home in these cities to a price which you could have bought in the year 2004. The prices are tempting people towards buying a house.

At the same time there are some analysts who say that prices might still fall to lower number than what it is now. And this means you are draining away your money, into something which is not worth it.

This is a big confusion out here. If any body can help please let me know.

Related Links:
Barbados real estate

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