Buy Now
As affordability improves, demand should return.
by David Crowe, Chief Economist for the NAHB, Washington D.C. 
http://bit.ly/4JaIUu

In this interesting article posted on  Builder Online, David Crowe talks about how unaffordable housing conditions in many markets triggered the housing pull back that began in 2006.

In 2009 housing affordability is the best it has been in recent history. He points out that at current interest rates a one quarter point rise would be equal to "a $6,000 change in mortgage amount". "As interest rates creep up, home buyers who wait thinking housing prices will fall further must see at least another 3 percent or 4 percent decline in prices to maintain the same level of affordability".

The combination of great home prices and incentives, historically low interest rates and a tax credit through the spring, truly does make it worth getting out to at least look.

Winchester Homes has recently introduced several new single family and townhome communities and several new floor plans. Whether you are looking for a big or small home, traditional or urban style, 2 story or single level living, Winchester Homes and Camberley Homes have it all located in the best areas within suburban Maryland and Virgina. Visit www.winchesterhomes.com or www.camberleyhomes.com to get all the details.