First-time home buyers are now considering whether it’s the right time to jump into the housing market. After all, home prices have fallen over 30% from their peak in 2006, and mortgage rates are approaching record lows.
Optimists argue that homes are more affordable than ever, and an uptick in home buying by investors already is under way — an indication that investors don’t want to miss out on a good buying opportunity. Pessimists insist that the housing slump is far from over, and that prices will continue falling for some time as the market absorbs all the extra supply.
Read both sides of the argument online at The Wall Street Journal.