This question already has answers here:
http://money.stackexchange.com//questions/118382/should-i-wait-for-a-recession-to-buy-a-home”>Should I wait for a recession to buy a home? (11 answers)
http://money.stackexchange.com//questions/3565/when-is-it-better-to-rent-and-when-is-better-buy-in-a-certain-property-market”>When is it better to rent and when is better buy in a certain property market? (5 answers)
Recently we had a baby and planning to buy a home. Is now a good time to buy a home? In my area houses are around 650K. I have the following questions.
- Is it good time to buy a home?
- Interest rate mortgage companies are charging @ 5-5.25%. Is it high?
- Is it really worth it or stay in a rented home?
- Mortgage company asking us to put 72K down payment but we have only 20K. What should I do now?