Your Friends Are Crazy Wrong If Theyre Telling You Not To Buy

Dated: 11/30/2017

Views: 15

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.

As we can see, the percentage necessary is less now than in those time periods.

The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

Bottom Line

Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.


Read this & other articles here

Latest Blog Posts

Saint Clair Shores - First Time Home Buyer!

Congratulations to Bryce on his very FIRST home!! I was happy to help him find this gem in St. Clair Shores!;

Read More

You Need an Agent Who Will Always Put You First

Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well

Read More

To Blog or Not To Blog

To Blog or not to Blog??Hours can be spent expending your ideas and thoughts on an issue through blogging, but who really is reading them? how do you reach the masses? and when you do... why would

Read More

Where Are Mortgage Interest Rates Headed In 2019?

Where Are Mortgage Interest Rates Headed In 2019? Tuesday September 25th, 2018  First Time Home Buyers, For Buyers, For Sellers, Interest Rates,Move-Up BuyersThe

Read More