Is Huntsville Homeownership A Good Investment In Today’s Economy?
As a long-term investment, Huntsville homeownership is still one of the best investments for individual households.
Everywhere you look, headlines say the housing market is in a free-fall, foreclosures are rising at an alarming rate, and mortgage money is so tight that buyers can’t get a home loan at any price.
In today’s economy, is buying a home and investing in Huntsville real estate a good idea? As a long-term investment, homeownership is still one of the best investments you can make. And the operative word here is “long-term.”
Why is Huntsville real estate a good investment, you ask. The housing market, like all markets, is cyclical and will inevitably have ups and downs. But, homeownership has a track record that is virtually unmatched by any other investment of stocks, bonds or mutual funds.
Despite the current unrest in the mortgage industry, if you have good credit, a job and steady income, you will find there is still plenty of mortgage money to be had at decent interest rates. For well-qualified buyers, rates close to historical lows and the new Housing Recovery Act is offering first-time home buyers a $7,500 tax credit.
