SGI Realty One Real Estate Blog

Hey Everyone!

With all the buzz surrounding the housing market I thought I would look into housing affordability trends for the past twenty years and write up a quick recap.

After some research, here is the bottom line:  NOW is the time to buy.

Mortgage rates are at some of their lowest rates in years and housing prices have been nearly cut in half in some areas over the past 5 years.

Wells Fargo data claims that nearly 75% of all homes (new and existing) sold in the later part of 2010 that were deemed affordable (with families generating the median income of about $65,000).

This is great news for all of you out there waiting to purchase, you need to go for it!

 Til' next time,

Tim D.

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