WSJ: Good time to buy

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Vote on whether you think the end of the housing crisis is near, at the bottom of this blog

In case you missed it, the Wall Street Journal published an article titled: Why 2011 May be the End of the Housing Crisis.

While the article, which was published in the Denver Post on Sunday, as well as being available online (and at a link at the end of this blog), did not specifically mention Denver, the arguments presented would be familiar to anyone who has read numerous articles  in InsideRealEstateNews.

The Wall Street Journal, among other things, said that:

  • Houses are good deals
  • Affordability is high
  • Investors are eager to buy homes, eating up much of the supply

10-year-hold advised

However, the article said that don’t buy a home with the expectation of making a quick buck. It quoted one expert as saying that you should make a purchase with the idea of living there for at least 10 years. That was a point made in the recent InsideRealEstateNews interview with Lane Hornung, co-founder and CEO of 8z Real Estate.

For the Wall Street Journal article, please visit this link: Why 2011 May be the End of the Housing Crisis.

Do you think the housing crisis will start to draw to a close this year?

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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