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

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

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 consumer house-buying power or affordability. When incomes rise and/or mortgage rates fall, consumer house-buying power increases.”

Combining these three crucial pieces of the home purchasing process, First American created an index delineating the actual home-buying power that consumers have had dating back to 1991.

 

 

READ MORE: https://www.reallynicehomes.com/blog/crown-gaithersburg-md-house-buying-power-near-historic-levels/

???Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system
www.99SOLD.com - Call or text 240-426-5754 for more information.

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Topic:
Home Buying
Location:
Maryland Montgomery County Gaithersburg Crown
Groups:
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Tags:
pricing
first time home buyers
for buyers
moveup buyers
crown homes
crown gaithersburg
buying myths
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Fernando Herboso - Broker for Maxus Realty Group

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