Buy now, not later

08.08.2011                      08.Aw-Elul, 5771

Experten raten:

Buy now, not later

Don't wait for government housing reforms, and don't expect a possible drop in housing prices to help you when you purchase a home, a panel of experts warn.

Is this a good time to buy a home? What's likely to happen to housing prices in this country?
Both questions seem odd under the circumstances. Housing prices have never been so high and interest rates are trending upward. The dream of buying a home seems farther off than ever before. Going by what's on the Internet, people believe prices will be dropping. But conversations with two professors of economics, a builder, the former director of the Israel Lands Administration, and the chairman of a leading institutional investors firm lead to some different conclusions. Most disagree with the prevailing opinion on the Web….