Prices are Falling

Prices are falling and I do not want to leave any money on the table.  I know, your friends and family are questioning if you are doing the right thing to build a new home or buy one now.
Let's talk about some of the reasons why now is good and falling prices have little or no imoact on you.
First who knows when the bottom is bottom.  If they did, they would be billionaires, with a 'B'.  Yes the market has been hit hard and people have seen their paper values drop on their homes.  The ones hit the hardest are the spectulators who help to drive up prices in the first place.  If you have owned your home for a few years you saw the paper value increase pretty good over the first half of last decade.  You need to remember that it was paper and now that the price has gone down you are experiencing little or no impact unless you have lost your job, your/income or your ability to make your monthly investment.
Let's think about price for a minute.  Listen to this and soak it in --  You have lost ZERO, hear that again, - You have lost nothing until you sell your home.  Your home is an investment and like the market things go up and down, but over the long haul they are always higher than they were.  If someone tells you you are upside down on your home and you can make the payment, you need to make the payment enjoy you tax write offs and in the next little bit you will get your value back and have enjoyed living in YOUR HOME.  Think about it, if you sell your home for a lost and rent a home or apartment you end up with out the tax advantages and you also have nothing.  If keep your home you have the obvious tax advantages and when the prices rebound, and yes they will rebound, you will  be in a situation to take advantage.
It is a good time to buy a new home for some of the same reasons.  Prices are low now and interest are great.  You would laugh at me if I told you the interest rate I had on my first home in the early 80's.  You can buy more home and or a home with more amenities.  If you buy now when the market rebounds you will be in a situation to take advantage of it.  You need to know that when this turns around, and you and I know it will turn around, you will be able to watch your investment grow.  Your market might already be in recovery mode.  If you wait on the experts to tell you we are in recovery you missed it.  Experts wait until they can be absolute before speaking.  At that point you have missed out.  If you can afford a new home, now is the time to get off the fence and get one.  You will also help move this economy forward.

The New Home Construction Process For Home Buyers