Well I can't make heads or tails on what these guys are really saying.
http://video.cnbc.com/gallery/?video=3000068596
That being said, houses are cheap as hell. There are many for sale, but rates are super cheap too? So does that make sense to buy today? Are you waiting for house prices to fall? But we also expect rates to eventually rise. But no one knows for sure.
You need to live somewhere and if you can buy today, you can cover a mortgage with rent today if you get the right mortgage with the right down payment.
If you feel confident in your own personal financial conditon - buy. If you are unsure, then hangtight...One thing is for sure with housing...pricing will NOT skyrocket anytime soon.
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