Michael Petruccelli says: “The housing market is booming. If you don’t buy now, you’ll be priced out of the market forever.”
The usual suspects: Shady real estate agents looking to make a quick sale.
Reality check: I fell for this back in the days when I was an impressionable twentysomething who thought all real estate agents look out for their clients’ best interest. That naivete led to some of my biggest money mistakes ever. The truth is, like the ocean tides, the housing market rises and falls. If home prices are too rich for you now, don’t worry. Over the long run, most people discover that, eventually, homes become more affordable either due to increased earning power, or because over-heated housing prices fall to more sustainable levels.
