I want to put a stop to the wait and see mentality (not being reckless, but being strategic). Here’s my beef – there is always a reason not to do something.  The thing most of us miss is measuring the risk of the downside opposed to the upside.  Specifically I’m talking about pulling the trigger on buying a home.  The excuse of homes being a ‘poor investment’ or saying ‘It’s a tough market’ aren’t always true or as bad as you make them seem in your own mind.  Quit talking yourself out of the game and get off the sidelines and see what you’re missing!

Recently, I was reading another mortgage blog and I saw a graph that really drives my point home. It had some pretty impressive statistics explaining what the current risk is in Des Moines & West Des Moines, IA when compared to the entire country.  Guess what?..  Des Moines is one of the least risky places to buy!   According to PMI’s risk index, appreciation in the 3rd Qtr of 2007 was 2.82%, that’s .38% higher than the 3rd Qtr of 2006!

In my theme of being full disclosure – I’m not saying that home values aren’t decreasing in some areas (especially where builders are giving inventory away), but the doom and gloom you’re hearing all over the press isn’t all about Des Moines, it’s often nationally.  Take a look at this chart and you’ll see that we’re much more stable than the others!

With the downside addressed, it’s important to look at the upside.  The upside is that money is CHEAP.  I’m not kidding here – rates are the lowest they have been in over two years.  The other thing to consider about the upside is the mortgage products available for financing.  Without being super specific with programs, mortgages will be getting more expensive over the next year with the additional fees being passed on to borrowers since investors are reassessing risk.  If you’re waiting for the economy to ‘turn around’ you’ll pay more for the house you’re holding out for and you’re mortgage WILL cost you more money.

So, I have to ask (if you’re one of the folks on the sidelines) – Why don’t you get in the game?  …Otherwise I’ll be linking back to this post telling you that I told you so.

Please consult with a professional and determine what changes might effect you in the future!  Trust me, things will be changing.