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Crown Gaithersburg MD | House-Buying Power at Near-Historic Levels

Crown Gaithersburg MD | House-Buying Power at Near-Historic Levels 
As Gaithersburg has developed over the years, many neighborhoods are now blended with one and another without any distinction or personalities. 
Not in CROW, the newest and most vibrant community in Gaithersburg MD   
Located next to Rio, this new and unique neighborhood is separate in four groups   
 
* Downtown Crown   
* Crown West   
* Crown Central    
* Crown East   
 
If you are looking for city-living style with a flair of urban village, The Crown community has everything to offer and more. 
There is even a direct Metro Shuttle between the community and Shady Grove Metro Station to connect you directly with Washington DC and its surroundings.   
Today, I would like to talk about House-Buying Power at Near-Historic Levels
 
We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.”
Their index is based on three components:
 1. Median Household Income
 2. Mortgage Interest Rates
 3. Home Prices
The report explains:
“Changing incomes and interest rates either increase or decrease ... more

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