Although it’s a buyer’s market and interest rates are tempting, think about the fact that the value of your new home may be depleted over the next few years if you buy in today’s market. There goes your equity! Not to mention, you have to ask yourself if your job is secure enough for you to make such a big purchase at this time.
QUICKTIP: Sit down and ask yourself, what’s more financially prudent, to buy or rent. Check your math using a Rent vs. Buy calculator.