For most people, Owning a new home is still the American Dream. As everyone knows the last several years made it a nightmare.and for most impossible to achieve.

The Real Estate bubble which as far I am concerned was caused by greed, by banks and developers who built homes like there was no tomorrow.
Some people blamed it on the buyers. This is true if you where one of those who sat on lines even before the ground was broke to buy up a condo or house with the intention of flipping and make what you may have though a fortune.
But as we all know that did not happen for the majority. Most fell into foreclose and short sales. Real Estate bubble bursts.
I do believe most buyers where just full filling their American Dream, to own their own home.

That brings us to the Real Estate market today.
Inventory is a little low which causes home prices to rise. Keep in mind there are a lot of homes the banks are holding back on foreclosing so the market won't truly collapse. This is good. They where the partial cause of the problems we now have so they are now getting a little smarter.
This is a great time to buy a new home. Prices are low and mortgage rates are low. If you have the down payment and can afford a new home now is the time to buy. Let me caution you on one thing, when it comes to mortgages. To me you should only get a fixed rate mortgage. I know the banks and mortgage companies will show you the low payments you will have in an adjustable rate mortgage.
But in 5 or 7 years no one knows where that rate may be. If it goes up you may not be a financial position to pay your new higher mortgage.
I hope this information was helpful.
For more information on buying or selling a home in the Delray Beach...Boca Raton...Highland Beach areas please e-mail me at josephlaviola@msn.com
Joe LaViola
Lang Realty Inc.
900 East Atlantic Ave
Delray Beach, Fl. 33483