Buying a Home in an Area Where Prices are Ascending Rapidly

: "Do you long for a home in an area of steadily rising prices? Then make your purchase as soon as feasible rather than postponing with the vague hope that prices will decline, says Karen H. O'Connell, a Re/Max agent. 'If you don't get a foothold, the housing market will outrun you.'
Parental help is often critical. Several years ago O'Connell gave her three children $10,000 each toward a down payment on a starter home. Her two daughters, now 29 and 31, purchased properties immediately. And her son, 23, plans to do so once he receives his college diploma."
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