Though short-term prospects are muddied by the ups-and-downs of a recovering market, home buyers have an opportunity to capitalize on a long-term outlook that is increasingly positive. Buyers in today’s market benefit from mortgage rates near 50-year lows, high affordability, and the likelihood that decreasing numbers of distressed property sales will relieve pressure on home values and lead to a rebound in prices. Anthony Sanders, a real-estate finance professor at George Mason University, told the Wall Street Journal that, though there may not be rapid growth in the short-term, there are a number of positive indicators that will fuel a rebound, including demographics, rising rent, and improvement to the general economy and job market, which make now a good time to buy. More here.
