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Health & Fitness

Is It Time to Buy a Home Yet?

How can you tell when home prices have reached the bottom? When should you buy a home? What indicators show the bottom of the market?

As a local Laguna Niguel Realtor, I am in the trenches, so to speak, every day.  Many times we Realtors believe we feel the pulse of the market and that feeling is often verified in the media about 60 days later. 

Have we hit the bottom of the market and should you consider buying real estate?  Please allow me to share the chart in this blog. 

The point is that when you are sure you have reached the bottom of the market, it will be too late to get the best price on a home.

Find out what's happening in Laguna Niguel-Dana Pointwith free, real-time updates from Patch.

Consider that interest rates are once again below 4. 5percent for 30-year-fixed and you can obtain five-and seven-year ARMs in the threes.  If the market goes down 10 percent more and the rates go up 1 percent you will gain nothing.  Remember, Laguna Niguel is a great place to live and if your time horizon is five years or more I have just one question for you:  what are you waiting for?

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