Show WHEN TO BUY A HOME The purchase of a 11 home is usually the largest investment a family ever makes so it should be done one with painstaking care md and consi consideration One of the most Important considerations in buying a home is timing Should I buy now the prospective purchaser may ask himself Or should I wait until prices priceR come corne downy down Or Is there enough mOlt mortgage loan money available now for me to get the house I want Such questions are arc being discussed widely these days An article in Better Homes and Gardens for instance surveys the situation and con con- concludes concludes that interest rates probably will re re- re remain main comparatively high but that more money will be available for home loans during 1967 than was the case in late 1966 The article says that trying to walt wait out a return of inter inter- interest est cst to much lower levels can cost the potential buyer more money even if the decrease comes Why Every year the total costs of new housing go up at least H per cent the snide said A Wall Street Journal survey shows that we well over half the builders contacted plan tIt at least a 5 per cent price increase this year inflation and Its It's costly But econ econ- economists enlists note that some of this inflationary sting can be I soothed by the purchase of a ahome ahome home This is because that the value of a aham ahome ham home If the Ole home is well cared for tends to togo togo go up with prices So the purchase of a home is good protection against inflation The slowdown in home sales saIls Is creating I a buildup In potential home buyers and a real estate official said the inventory of homes for fOl sale is dwindling indicating that true Ule present buyers market may become a sellers market Persons who want or need a home in this area would do well to consult with mortgage officers at lendIng institutions realtors and builders After doing so many may conclude that now is I a good time to buy I a home |