Thanksgiving is coming. Were you aware of that? Maybe you’re just thinking about the day after thanksgiving “Black Friday”? I know some shopping maniacs really enjoy Black Friday, even planning their attack for weeks in advance. In fact, everyone loves a great deal on something they want, and if they actually need the item, then the satisfaction of a great price is even sweeter!
For all but the real estate investor, a home is a need, not just a want. And guess what? It’s all on sale! Home prices are at the lowest they have been in close to 10 years, and interest rates are about the lowest they’ve ever been. If you’re thinking that you might wait until home prices fall further, you should know that the median home price YTD in Niceville has been about the same as it was in 2009. That’s right, the median home price hasn’t gone down since 2008. A recovery is indeed on the way. In fact, some price ranges of homes are moving very quickly, with homes selling within a week of being put on the market!
From an affordability standpoint, homes haven’t been this affordable since the very early 1970’s. If you aren’t familiar with the affordability index see my newsletter entitled When were homes cheap?? Posted in April 2009.
Maybe you don’t know whether it’s cheaper to buy or rent? I can show you using real numbers you provide! Just give me a call at 850-678-HOME or email me.