Market cycles only become clear in retrospect. In the midst of a market slowdown, it´s very difficult to predict when housing prices hit their low points.

Timing the market almost never works!  Real estate is a cyclical business.  What goes up must come down.  More importantly, what goes down has always come back up. Home values will most certainly continue their long-standing trend of appreciation over time.  Home ownership is best viewed as a long-term investment like the stock market or any other sound investment. Click here for 20 year Historical Appreciation on Homes.  Once the market settles or shows any sign of improvement, opportunities start slipping away.  Even a 10% drop in home prices is immediately nullified by a mere 1% point increase in interest rates on a 30 year mortgage.  Let me assist you in making a well-informed decision.

For more information on 2009 first time homebuyer credit, click here.   On October 28, 2009, Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years. A self-directed IRA lets you purchase property with your retirement funds and realize the more predictable, steady growth that real estate has to offer.  For more information about purchasing real estate in your IRA click here.