inflation and real estate: Home Prices Are Up 16% over 9 Years and 27% More Affordable?? - 05/24/11 11:51 AM
If you bought a home in 2002 for $400,000 your payment was approximately $2,661 not counting taxes and insurance. Interest rates were 7%. Today, in Boulder County if that house appreciated at the average rate that same house can be purchased for $465,000. Based on today's interest rates of 4.75%, your new payment would be $2,453. A savings of roughly 8% per month.
When buyers are considering a home purchase, purchase price is fairly arbitrary unless they are paying cash. Purchase price is the answer to a series of questions about how much a buyer can afford on a monthly basis. … (1 comments)

 
Neil Kearney (Kearney Realty Co.)

Neil Kearney

Boulder, CO

More about me…

Kearney Realty Co.

Address: 1790 30th St. #130, Boulder, CO, 80301

Office: (303) 413-6624

Mobile: (303) 818-4055

I'm a Realtor in beautiful Boulder Colorado and my blog is a combination of market conditions, real estate how-to and local flavor.


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