I read an article this morning which said that most Americans believe the housing market has hit the bottom and that it's a good time to buy, in part because many also think rents will rise faster than home prices.
Fannie Mae's latest nation housing survey found that 70 percent of Americans think it's a good time to buy a home, up from 64 percent in January.
By an overwhelming majority, 78 percent, also believe home prices will either hold steady or increase over the next year, compared to 85 percent believing the same thing about rental increases.
While Americans expect rents to rise by 3.6 percent on average, home prices are expected to turn up only 0.9 percent, Fannie Mae found.
Also, the winter months are a good time to consider purchasing ... sellers might be willing to negotiate more after they've been through a slow spring, summer and fall.
It's a Buyer's Market, so let the advantage work for you!
Dianne Dunn
