Ryzen Homes Blog

Ryzen Homes blog. Providing tips and information on building a new modular home or panelized home in Maine and New Hampshire.

Is Buying a New Home in Today's Economy a Good Idea?

Monday, February 23, 2009
The NAHB has some much-needed good news for homebuyers in an otherwise unpromising economy:

As a long-term investment, homeownership is still one of the best investments for individual households.

“Why” you may ask? After all, the headlines say the housing market is down and out, with defaults rising at an alarming rate, and mortgage markets so frozen that buyers can’t get a home loan at any price.

What buyers need to realize is that housing markets, like all markets, inevitably have their ups and downs. And homeownership has a track record that is virtually unmatched by any other purchase in terms of its real benefits.

Despite the turmoil in mortgage lending, if you have good credit, a job and steady income, you will find there is still plenty of mortgage credit to be had at good rates. For well-qualified buyers, rates are running at near historical lows.

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