The term “housing bull” hasn’t been heard much since the Great Recession was burned into the American consumer’s psyche. In fact, bearishness in the housing space has become the new normal, with many potential buyers just deciding that they will wait on that new home until conditions in the market begin to improve — if they ever do. Similarly, many investors won’t touch housing stocks with a 10-foot poll — from the obvious laggards like PulteGroup (NYSE: PHM), which is off -30% in the last year, to builders bouncing back like Toll Brothers (NYSE: TOL) which is up double-digits so far this year.
Well, those conditions are indeed beginning to improve, and that means right now could be the best opportunity to get in on a home at a very attractive price. Let’s take a look at five reasons why pulling the trigger on a new home purchase now could be the right financial move.