Time to jump into the housing market; word is spreading that it’s safe.

According to Kenneth Harney, writing for Reality Times, “doom and gloom economists” are finally acknowledging a turnaround in the housing market. In early February, chief economist for Moody’s Economy.com Mark Zandi announced that “the bottom of the housing downturn is in sight for the nation” and the Wall Street Journal used the headline “For some, it’s finally time to dive into the housing market”.

While they aren’t ignoring the huge problems with the economy still affecting the housing market, such as unemployment rates, low household consumption rates, and banks continuing to borrow money from the government, they are hopeful for some reasons we’ve covered before. The encouragingly low mortgage rates, decreasing prices and attractive tax incentives are opening the market for more people with decent credit to become home owners.

Read Kenneth’s full article here.

Time to jump into the housing market; word is spreading that it’s safe.

According to Kenneth Harney, writing for Reality Times, “doom and gloom economists” are finally acknowledging a turnaround in the housing market. In early February, chief economist for Moody’s Economy.com Mark Zandi announced that “the bottom of the housing downturn is in sight for the nation” and the Wall Street Journal used the headline “For some, it’s finally time to dive into the housing market”.

While they aren’t ignoring the huge problems with the economy still affecting the housing market, such as unemployment rates, low household consumption rates, and banks continuing to borrow money from the government, they are hopeful for some reasons we’ve covered before. The encouragingly low mortgage rates, decreasing prices and attractive tax incentives are opening the market for more people with decent credit to become home owners.

Read Kenneth’s full article here.