There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces [.]
The Ultimate Truth about Housing Affordability Posted on 05/30/2019 by Arisdeyson Matos in Brevard County Florida Real Estate , Century 21 , Real Estate There have been many headlines decrying an "affordability crisis" in the residential real estate market.
In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy a home?
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Based on historic home affordability data, that means homes are more affordable right now than any other time besides the time following the housing crisis. With mortgage rates remaining low and wages finally increasing, we can see that it is MORE AFFORDABLE to purchase a home today than it was last year!
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The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.
The Ultimate Truth about Housing Affordability by Alli Roth | May 30, 2019 | First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers There have been many headlines decrying an "affordability crisis" in the residential real estate market.