Affordability in Housing

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: breaduntitled, gasgas, carscar,and homes.  house

They looked at the 1989 cost, the based on the inflation rate cost, and the actual 2013 cost.

         Presentation2

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.

Advertisements

Investing Opportunity

Investors, would you like to generate $1000/month?  How about doing that on property that cost $75,000?

Look no further.  Check out this property at 420 Forest, Joplin, Mo.  There is a 1 bedroom home with beautiful wood and tile flooring.  This home has a basement.  The garage is located in the basement.  It rents for $600/ month.  At the back of the property is a duplex.  It has a one bedroom and a two bedroom unit. Each unit rents for $300/ month.  All the units are currently rented.

photo 5 photo 2

The location is a block away from McKinley Elementary School and also close to plenty of retail.

If you want any more information on this  or other investment opportunities, give me a call at 417-825-1042.