A recent statement by John Paulson of Paulson & Co, Inc. shows that housing prices are expected to rise 3-5% in 2010.

CNBC published an article with quotes from the group’s owner, who tracks home prices in California, and notes that what happens in the state tends to trend about six months later in the rest of the country’s housing markets.

He also expects prices to rise another 8-12% in 2011.

He stated that home ownership is the most affordable it has been in over 50 years, and that it is 60% more affordable now than at its’ peak.

What does this mean?

For Towson homebuyers, NOW IS THE TIME TO BUY!