Higher Home Prices Does Not Mean Unaffordable

By
Real Estate Broker/Owner with Sandpoint Realty LLC DB36113

It is a very  difficult concept to wrap around but todays home prices are 'Less Affordable', to those prices of only a few years ago, but not 'Unaffordable'.  

Sandpoint Realty LLC - Debt to Income

More needs to be taken into account than just the price of the home.  Interest Rates and personal income being two critical factors that determine a homes affordability.  One must remember that the monthly cost of a home is the bottom line we must look at.

 

Don't let todays home prices scare you off.  Ask your Real Estate representative for help and to answer questions you may have regarding purchasing or selling a home.

 

'Experience the Difference' in working with a full time professional REALTOR®.  Your wants and needs will always be my priorities.  

 

Mark Don McInnes

Broker - REALTOR®

208 255-6227

SandpointNorthIdaho.com - North Idaho Home & Land Searches

 

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 83864

 

 

Posted by

Mark Don McInnes

208 255-6227

"Experience the Difference' working with a full time professional Realtor®

Mark Don McInnes - Sandpoint Realty LLC

 

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All images and content property of Mark Don McInnes and only to be used/copied with prior written permission.

Comments (6)

Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and have a wonderful day!

Oct 21, 2021 07:03 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mark,

This is an excellent discussion helping people understand exactly what that means.  Many are very confused on these issues.  A

Oct 21, 2021 07:53 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Mark and home ownership is still a great investment for everyone.  Great blog by you!

 

Oct 21, 2021 08:33 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Mark you make some very good points to consider about affordability.

Oct 21, 2021 01:35 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Mark - it's all relative, isn't it?  Especially affordability.  So many factors come into play.  Such a discussion is a good conversation-starter.  

Oct 22, 2021 03:33 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Lower interest rates often ofset the impact of higher prices.  It's a balancing act.

Oct 22, 2021 01:55 PM