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Is now the BEST time to Lease-Purchase a home? Answer: Probably. (actually the answer is definitely, Yes.)

Really a better question is...Is now the best time to purchase ANY home? Answer: Maayybeee....Probably...

And the million dollar question everyone wants to know is... when will the Real Estate market hit bottom in the Charlotte area and home values begin to rise again...right? (At lease that's the 1 question I hear a dozen times a day :-)

Below is an article from Lawrence Yun, Chief Economist with NAR that may just answer that million dollar question. If the numbers of homes being bought and sold over the last 2 months are indeed increasing, and the increasing number of mortgage applications are ANY indication (and they are the leading indicators, just FYI) then the answer to the million dollar question is a resounding YES! Right about now would be the bottom of the Real Estate market and you should go buy a home sometime between today and the next 6 months.

When you contract to Lease-Purchase a home with WPI/Lease Purchase Charlotte.com, you lock in the purchase price UPFRONT (at today's LOW price). Then, with our help, take the time you need to sort through mortgage qualification issues and close on the home in about a year or so.

The "big idea" is that even if you can't get a mortgage right now, you can still capitalize on historically LOW LOW LOW home prices by locking in the price at the bottom of this down market via a Lease-Purchase.

Read below to find out the CURRENT (and very encouraging) home sales statistics.

ARTICLE FROM NAR/PRESS RELEASE:

Lawrence Yun, NAR chief economist, said the market appears to be stabilizing with modest monthly ups and downs, and that first-time buyers are driving the market. “The share of lower priced home sales has trended up, indicating a return of many first-time buyers, which we also see in a parallel member survey,” he said. “Sales in the upper price ranges remain stalled because of higher interest rates on jumbo loans.”

Although prices rose from February to March, the national median existing-home price² for all housing types was $175,200, down 12.4 percent from March 2008. The price increase from February to March was 4.2 percent, which is much higher than the typical 1.8 percent seasonal increase between those two months. Distressed properties, which accounted for just over half of all transactions in March, typically are selling for 20 percent less than traditional homes.

An NAR practitioner survey in March showed first-time buyers accounted for 53 percent of transactions, based largely on contracts offered before the $8,000 first-time home buyer tax credit became available. “Buyer traffic has been rising, and real estate offices are getting phone inquires about the tax credit,” Yun said. “By early summer we should be seeing a positive impact on home sales from record-low mortgage interest rates in addition to the stimulus provisions.”