Buying a home is a common goal for the majority of renters and first time home buyers in California. In fact 93% of Americans aged 18 to 34 plan to buy a home at some point. With interest rates at record lows now may be the perfect time to buy! Prices are rebounding but still well below their highs of a few years ago. Most importantly buying a home can be an excellent long term investment and can actually be cheaper than renting. The following chart was put together by the California Association of Realtors and shows what the actual monthly costs might be for an entry level home by area and the income needed to qualify. While Orange County is not included in the data below, the costs of home ownership are comparable to the Los Angeles area.
If you are a first time home buyer in Orange County I would welcome the opportunity to work with you to see if home ownership is the right choice. I am the Broker Owner of Ventana Coastal Properties and work with buyers and sellers throughout the Orange County Area. You are welcome to Search Orange County Homes for Sale & MLS on my website or simply give me call at 949-500-0484 and I would be delighted to assist with your search.
Comments (16)Subscribe to CommentsComment