Why rent when you can own?

Declining home prices and record low mortgage rates along with the tax credits now make home purchases more affordable and are creating a great environment for renters to convert to homeowners. There will continue to be a tremendous number of foreclosures, along with lower prices which provides wonderful opportunities to buy homes at amazing prices. In many markets, home values are at the lowest level since 2003. With fixed mortgage rates at or slightly under 5%, the tax credit that is available and a vast selection of homes to choose from, many buyers are beginning to recognize that this is a great opportunity to break out of renting and into homeownership.