Now is the time to buy a home

A recent survey by FNMA showed the housing crisis hasn't quenched the home ownership thirst. More than 51% of people said the recent troubles did not change their willingness to buy a home and an additional 27% said it actually made them more likely to do so.

A recent story from Forbes titled “Home Prices Exit 2000s Way Up, Despite Crash” explains that in reality housing actually had a superb decade. In fact, the value of a square foot of housing in the U.S. is up 58% from its January 2000 level for the 25 largest U.S. metropolitan areas.

Third, population growth continues strong and home builders have been under-producing new housing for the past several years based on population growth so that a return to 1,500,000+ new housing starts annually must occur well before the end of this decade to satisfy demand.

With interest rates still very low by historical standards and pricing at their lowest levels in over five year, yes, now is the perfect time to buy a home.