• Home
    • Home Sellers
    • Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

    Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

    Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM

    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.

    Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM

    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.

    Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM

    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. 541.371.5500 or sold@marygilbert.com

    By: KCM Crew

    Trackback from your site.

    Mary Gilbert

    Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. Mary brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Umpqua Valley will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

    Leave a Reply