Almaden Valley Homes For Sale | Dispelling the Myth About Home Affordability

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

Almaden Valley Homes For Sale | Dispelling the Myth About Home Affordability

 

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 Dispelling the Myth About Home Affordability

 

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?

 

The reason is that homes were less affordable 25, 20, or even 11 years ago than they are today.

Obviously, buying a home is more expensive now than during the ten years immediately following one of the worst housing crashes in American history.

Over the past decade, the market was flooded with distressed properties (foreclosures and short sales) that were selling at 10-50% discounts. There were so many distressed properties that the prices of non-distressed properties in the same neighborhoods were lowered and mortgage rates were kept low to help the economy.

 

Low Prices + Low Mortgage Rates = High Affordability

Prices have since recovered and mortgage rates have increased as the economy has gained strength. This has and will continue to impact housing affordability moving forward.

However, let’s give affordability some historical context. The National Association of Realtors (NAR) issues their Affordability Index each month. According to NAR:

 

 

READ MORE: https://www.siliconvalleyrealestateteam.com/blog/almaden-valley-homes-sale-dispelling-myth-about-home-affordability/

???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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Santa Clara County San Jose Almaden Valley
Tags:
first time home buyers
for buyers
for sellers
almaden valley
almaden valley homes for sale
housing market updates
buying myths
almaden valley selling a home

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
90,015

Don Orason

"Helping You Make Good Real Estate Decisions"
Ask me a question
*
*
*
*
Spam prevention