Could the bubble get worse as supply of homes for sale increases?
With mortgage rates still near generational lows, national home prices down more than 20% from the peak and the government providing tax incentives for homebuyers, it seems like a great time to buy a house; at least, that’s what your friendly neighborhood realtor says on those late-night TV commercials.
But is it true?
“If you’ve got good credit and can put a down payment down…and you’re planning to stay in the house for an extended period of time [like] seven-to-10 years, then now could be an attractive time to buy,” says Zillow.com chief economist Stan Humphries.
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