Page 2
47 Percent of New Buyers Surprised by How Affordable Homes Are Today
posted by: George Sykes, Broker, Worth Clark Realty on Saturday February 13, 2021
Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago. Despite the facts, misleading headlines persist, and they impact how hopeful homebuyers perceive the market.
In a recent survey by realtor.com, home shoppers indicated they were surprised by what they could actually afford when buying their first home. In fact, 47% discovered their budget was larger than they expected. George Ratiu, Senior Economist at realtor.com, explains:
47 Percent of New Buyers Surprised by How Affordable Homes Are Today
posted by: George Sykes, Broker, Worth Clark Realty on Saturday February 13, 2021
Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago. Despite the facts, misleading headlines persist, and they impact how hopeful homebuyers perceive the market.
In a recent survey by realtor.com, home shoppers indicated they were surprised by what they could actually afford when buying their first home. In fact, 47% discovered their budget was larger than they expected. George Ratiu, Senior Economist at realtor.com, explains:
Home for Sale: 4 Enfield Road, Olivette, MO 63132
listed on: February 12, 2021
priced at: $624,000
MLS# 20090382 Status: Closed
See Full Details and 36 pictures ...
Brokered by: Coldwell Banker Premier GroupAcres
Home for Sale: 4 Enfield Road, Olivette, MO 63132
listed on: February 12, 2021 priced at: $624,000 MLS# 20090382 Status: Closed
See Full Details and 36 pictures ...
Brokered by: Coldwell Banker Premier GroupAcres
Home for Sale: 9105 Watsonia Ct , Olivette, MO 63132
listed on: February 12, 2021
priced at: $568,500
MLS# 21008803 Status: Closed
See Full Details and 41 pictures ...
Brokered by: Berkshire Hathaway AllianceAcres
Home for Sale: 9105 Watsonia Ct , Olivette, MO 63132
listed on: February 12, 2021 priced at: $568,500 MLS# 21008803 Status: Closed
See Full Details and 41 pictures ...
Brokered by: Berkshire Hathaway AllianceAcres