Americans have a lot of questions about the housing market. Has the housing market bottomed? When will home prices start rising? Should I buy or rent? Jack Otter, executive producer of CBS MoneyWatch, explores some of these questions in his new book "Worth It…Not Worth It?" The real estate market presents a conundrum for many Americans looking to sell their homes or become a first-time homeowner. A recent study by The Demand Institute, a division of the Conference Board, found that many Americans, despite having been financially hurt from the housing market crash, still have a strong desire to buy a home. The survey revealed that more than 80 percent of Americans thought buying a home remained the best long-term investment they could make -- even though home prices in February were near October 2002 lows. In an interview with The Daily Ticker, Otter lists the common scenarios facing homeowners and gives his smartest recommendations.
Buying versusRead More »from Why Renting Works in a Buyer’s Housing Market