What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
To Buy or Not To Buy, That Is the Question
This weekend, The New York Times had an interesting piece about the indecision and anxiety that home buyers exhibit in today’s market compared to a few years ago.
The piece puts forth the thesis that in the past, buyers did not spend very much time agonizing over the purchase of a new home because even if they regretted the decision, the chance that they could sell it for a profit in the years to come was fairly high. But now, varying reports about whether the market has reached bottom or not and a general feeling of uneasiness as to whether they are making a good investment have many buyers stuck on the fence.
From the NY Times:
These questions, psychologists say, have left a bewildered public even more unsure about what to do this summer, no matter what the economic indicators seem to point to. “The tipping point for many people is when they finally become exhausted by their emotions,” said Kathleen Gurney, the chief executive of the Financial Psychology Corporation in Miami, which studies the psychology of money management. “People will do anything to not regret how they feel.”
The question of “Is now the time to buy?” is perpetually on the mind of home buyers, but this article interviews both medical professionals and prospective buyers to try and figure out what goes through people’s minds when they are trying to make that decision. To read the full article, click here.
This article originally published at https://dc.urbanturf.com/articles/blog/to_buy_or_not_to_buy_that_is_the_question/1241.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro