Payment

PriceVs.

When shopping for homes

we tend to focus

on price

From the Inexpensive

To the very

expensive

we know what we want

Either way

& we’ll do our best to find a good deal

But let’s put things

In perspective

Let’s go back

TO

When computers were young

Hair was getting big

Cars were getting small

And rates were at all time

highs

Back then..

A median priced house was

$66,400

And the mortgage payment was

$828

In 2011A median priced

house is

$169,100

And the mortgage payment is

$695

Did you catch that?

1981

Price

$66,400

2011$169,100

1981 Payment$828

2011$695

1981

Math Geeks Pause Here

$66,400 –20% =$53,120 Loan @18.625% 30 Year Fixed =$827.70

2011$169,100 –20% =$135,280 Loan @4.625% 30 Year Fixed =$695.52

Do you know what this means?

It costs less today to buy the

same house

OR: That you can buy more house with the same payment

How Much More?

?You could purchase a

$193,184 home

That’s pretty good

So Prices Rose

$828

$695

While payments

fell

But it gets even

better

Because, while prices

roseSo too did

average incomes

That means that not only

were payments

going down

They also became an

ever smaller slice of your

income

How much smaller?

Per Capita Income = a little over $11,000

Per Capita Income =a little over $40,000

So as you can see..

There’s more to it than just

price

Simply put:

Homes are more affordable now

than at any time in the last 50 years!

With much thanks to rates turning around

Your power has grown

and now with lower prices too

It’s easier to get what you want or

need

But don’t wait too long

As opportunities like this, never last

Call me today for helpMark Taylor 602-361-0707