Today’s low interest rates allow you to pay about the same monthly payment for a $333,000 home today, as you would have for a $249,000 home in 2005, 15 years ago.
And real estate is still proving to be the best long term investment.
According to Diana Olick, CNBC, on May 27, “Mortgage demand from home buyers shows unexpectedly strong and quick recovery… The quick recovery has surprised most forecasters.”
75+% of job loses are temporary layoffs and furloughs according to employers – Federal Reserve Bank May Report
Full presentation with charts and graphs: presentation
About the Author: Denise van den Bossche has been a licensed Agent and homeowner for over 35 years in the Metro-Phoenix Scottsdale Valley of the Sun. A Legacy LEED® AP, designated SRES, DMX, ePro. To request a no-obligation market report, home evaluation, or consumer guide on your specific needs, contact Denise at 602.980.0737 or email Denise@AZMultipleListingService.com. Denise’s husband Patrick is President of Realty Executives International, with 500 offices throughout North America.
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