Wealth Today

As I’m pondering putting off buying a house, all of the news regarding an alleged housing bubble is of great interest to me. It seems as though there’s two sides who are decisively split on whether or not there is one, or if it’s even possible that there could ever be one.

Here’s some articles saying that there’s not:

• Toll Brothers Exec Says No Housing Bubble
• Is the Real Estate “Bubble” Going to Burst?
• Fed’s Olson — Still see no national housing bubble
  

Here’s some saying that there is:

• U.S. housing bubble may pop
• The Housing Bubble
• UCLA Economists Still See a Bubble in Housing Market

Unfortunately for those of us desperately wanting to finalize our decision and be comfortable with it, the disagreement is unsettling. This is where financial literacy proves valuable.

My wife pointed me to this article at IndyStar.Com regarding the housing bubble. Since I haven’t purchased a home yet, I’m learily expecting that even with interest rates so great, that I should hold off even longer. Suze Orman warns that 23 percent of houses purchased last year were for investment purposes. That’s a scary statistic. I think I’m going to hold off for now and give myself an opportunity to improve my credit score and create a substantial down payment, hopefully offsetting anything that I’d be losing by waiting until interest rates increase.