Almaden Valley Homes For Sale | House-Buying Power at Near-Historic Levels

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Real Estate Agent with Silicon Valley Real Estate Team -Intero Real Estate Services 01319840

Almaden Valley Homes For Sale | House-Buying Power at Near-Historic Levels

 

We've streamlined and perfected the process of finding dream homes for our clients in Almaden Valley      

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.    

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers.     

Check out the Almaden Valley Real Estate Market Report here!  

We are your neighborhood specialists and we are ready to help you..    

Today I would like to speak to you 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.siliconvalleyrealestateteam.com/blog/almaden-valley-homes-sale-house-buying-power-near-historic-levels/

???Thinking of selling your home? Let Don take over the marketing of your property
www.siliconvalleyrealestateteam.com - Call or text 408-741-9300 for more information.

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Topic:
Home Buying
Location:
California Santa Clara County San Jose Almaden Valley
Tags:
pricing
first time home buyers
for buyers
moveup buyers
almaden valley homes for sale
buying myths
almaden valley selling a home
almaden valley buying

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Don Orason

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