Is housing affordable? Is now a good time to buy a home? Sell a home?
For all you people who love to have the numbers to back up your decisions, let me help you out. In the Vision Statement presented at the Keller Williams Family Reunion in February, comparisons were made between the cost of these basic items: bread, gas, cars,and homes.
They looked at the 1989 cost, the based on the inflation rate cost, and the actual 2013 cost.
It looks like most of the items that we need in are daily life costs us more and more. But while the cost of all these staples went up; the monthly housing payment went down.
The good news for homes sellers is that the value of your home did go up.
The good news for home buyers is that a monthly house payment is significantly lower than expected when we look at the inflation rate..
Looks like buying a home is a great investment. Please give me a call if you have any questions on the value of your home or if you are looking to buy a home.