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April 7, 2009

Cardin: 'Now is the time to buy'

There's a lot of debate about whether to buy a home now or wait to see if prices fall farther. U.S. Sen. Benjamin L. Cardin has come out on the side of now, reminding renters Monday of the $8,000 tax credit for purchases made through November and "to advocate for buyers' counseling and to boost the slumping housing market," Mary Gail Hare reports in a story today:
"Now is the time to buy," Cardin said, while standing in the garage of the home whose buyers took advantage of the credit.

I'm interested in hearing from people who are planning to buy soon, and those who want a house but intend to wait. If you're about to buy, what made you decide to take the plunge? If you're not, what market signal (or life change) are you waiting for before you make your move?

Posted by Jamie Smith Hopkins at 9:41 AM | | Comments (3)
Categories: First-time buyer tax credit
        

Comments

Did you really expect Cardin to say that now is not a good time to buy?

Hey John, beter yet ask a real estate agent when is it a good time to buy. " It's always a good time to buy"

I think Ben Cardin is right. There really never was any financial crisis or housing scam going on and if there was - a year or two of minimal declines is enough time to go by so that people who couldn't afford a place when the scam was going on - can now afford to be scammed now. Anything to get tax revenues going again!!

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie
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