In the early 1980’s, the median mortgage payment was more than double what it is today. Owning a home today is more affordable than you think.
In 1981 it took 36 percent of a median family’s income to pay the mortgage on a median-priced home. Today, it takes only 15 percent – a historic low – making now a great time to buy a home.
If you would like to learn more about home affordability, or if you have any other questions about buying a home or the real estate market in general, please leave a comment below or pick up the phone and give me a call. I’d love to chat with you about your real estate dreams and goals.