Chitownproperty

With the current environment of stagnant or even falling home prices, coupled with a tightening of the mortgage market, buying a home can seem like a risky proposition right now. But it carries the same risk it always has, provided you are realistic about what you can afford, says a marketing professor in this week’s Tribune. “We tend to over-react [to news],” [Univ. of California, San Diego professor On Amir] observed. “Which in this environment means that we will over-concentrate on the financial aspects of home buying and maybe not enough on what type of home we really want.” Read more on how to assess how much risk you can afford in a mortgage.