A Stock Broker’s Analysis of Real Estate

So today I was pointed to an article on why it is a good time to buy a home.  I’m used to seeing most of these articles written by people who work in the housing industry, like myself.  We fervently believe its a good time to buy, but since we have a vested interest in persuading people that we are right, its often hard to take our word for it as a member of the general public…I get that.  What made this article different was that it was written by a stock broker who did a statistical analysis of how many homes have been going to foreclosure, how many are currently vacant, how many are coming up on balloon payments or adjustements to their interest rates, and several other factors which may contribute to the rise or fall of housing prices over the next few years.  It is his opinion that it is a good time to invest in housing (though apparently in the not to distant past he held the opposite view).
He took this stance due to a combination of low numbers of people coming due on balloon payments in the next year and a increase in the affordability of housing compared to current income levels.  He also noted that fewer people who had balloon payments due in the last year were foreclosing on their homes since they were either better informed about them when they took those loans or that the banks were now more willing to accept adjustments to the payment terms on loans to avoid foreclosure. 

Read Jim Nelson’s article on his blog by clicking the link here and see his analysis for yourself.  I think he’s spot on and I hope you enjoy the read just like I did!
http://pennysleuth.com/why-its-time-to-buy-a-home-or-this-home-stock/