What are you waiting for?

This is the time to buy a house if you're in the market for one. Interest rates are still relatively low and there are plenty of houses out there. What happens if you continue to wait? Interest rates go up, supply of houses goes down as more people take there house off the market (because of the gloom and doom that the media keep hyping), more buyers start looking and guess what, you end up spending more for less house. More news from the media today about the housing market. Here's the Post article: http://www.washingtonpost.com/wp-dyn/content/article/2006/08/23/AR2006082300551.html.

We don't have crystal balls so we don't know what will be going on in the housing market months from now. There are no guarantees that the house you buy today will double its value by this time next year. It likely will increase in value but no one knows how much. If you buy now you get the benefit of owning a home now. So what are you waiting for?
t