Welcome to The Times in Plain English   Click to listen highlighted text! Welcome to The Times in Plain English

Time to buy a House?

September 22, 2011
Plain English Version

Sean Locke DigitalPlanetDesign.com

Some experts believe housing prices are near or at their low point. Some think they will go lower. But the housing market is not like the stock market or the bond market: it is based on local market conditions.

Some cities are seeing housing prices begin to rise. In fifteen percent of 315 metro areas, prices have increased in the last year.

For example:

  • Bismarck, North Dakota helped by mining
  • Midland, Texas helped by natural gas
  • Bangor, Maine helped by tourism

In areas with falling prices, such as Phoenix, Arizona and Tampa, Florida, investors are buying properties, fixing them and renting them. Rents are rising in 2011.

 

Interest rates on mortgages will be low for the next two years. If you have good credit and about twenty percent of the price of the house for a down payment, you may qualify. Prices are still low.

This may be the time to think about buying.

The Wall Street Journal

 

Print Friendly

Features

To Lose Weight – Wait

To Lose Weight – Wait

Wait to eat that is.

New research confirms that...

Healthy Eating in 2018

Dieting is not fun. It does not always work. It does not last. What is another way to manage your...

Where the Germs Are — What You Can Do

Germs are everywhere. They cause colds, flus, and diarrhea. Germs also cause norovirus (vomiting, diarrhea, and...

When Wealth Does Not Bring Health

Poor people in poor countries want to have what rich people in rich countries have. But they say, “Wait, I...

Archives

Survey
Dictionary
  • dictionary
  • English Dictionary

Double click on any word on the page or type a word:

Powered by dictionarist.com
Click to listen highlighted text!