Smart Time to Buy!

Experienced homebuyers agree that this is one of the best buyers' markets in decades!

"Despite all of the negative commentary about the housing and credit markets, 64% of Americans believe that for those with good credit and a down payment 'this is an ideal time to buy a home,' according to a study commissioned by Beazer Homes, one of the country’s top-10 homebuilders. Perhaps with an eye toward the future, 24% of survey respondents-from Gen Y to Baby Boomers-say they plan to buy a new home in the next two years either as a primary residence or second/vacation home.

'We know the American consumer believes with great conviction that home ownership is a smart investment over the long term,' said Ian McCarthy, president and CEO of Beazer Homes. 'Savvy consumers realize that housing is a cyclical industry and some appear to be waking up to the opportunities that do exist in today’s marketplace. Whether they act on this conviction remains to be seen, but the underlying sentiment bodes well for the industry.'

Indeed, 65% of survey respondents agree that given the current supply of homes for sale and special incentives this is 'truly a buyer’s market.' And, 39% believe that tentative buyers who are waiting for home prices to go lower risk 'missing out on one of the greatest home-buying markets in recent history.'

As in most areas, experience brings additional confidence. The survey found 70% of experienced home buyers-those who have purchased at least one home-urging renters to purchase a home as soon as he or she is financially able to do so."

For the full RISMedia Real Estate News article: http://rismedia.com/wp/2008-02-13/experienced-home-buyers-say-‘smart-time-to-buy-sentiment-prevails/