With the ongoing housing crisis, many people are not sure whether it is a wise idea to buy or not. There are many conflicting views being voiced across the media, with some people saying that it is a great time for first time buyers, and other people saying that it is not. Who should you listen to? If you have been considering buying your first home then you should start to think about your options carefully. You may think that it is wise to wait and see if the falling house prices keep declining, but this is not always the case. Although you may get a bargain price on a home if you wait, your financing may get more expensive. Some media sources are saying that interest rates will increase heavily by next year, which could mean that you are better off buying now. (more…)