Think You Can’t Afford to Buy a Home in [geoip_detect2 property=”mostSpecificSubdivision” default=”Your Area”]
Think Again!
Here’s the REAL Story About the Cost of Housing
It seems that the nation’s housing market is increasingly mismatched with today’s consumers.
While the big numbers don’t lie, they don’t tell the whole truth about the affordability and availability of U.S. housing for the bulk of would-be buyers1.
And if you are a first-time buyer, single, newly married, or a couple that wants to move up to a bigger house – then finding a great home in your price range can seem challenging.
Foreclosure Starts Increase in 44% of US Markets2
As prices dramatically increase, and interest rates skyrocket – it is becoming harder and harder for homeowners to meet their monthly payments.
That’s why foreclosures and other forfeiture actions rose 11.1 percent3 in the 1st quarter of 2017.
And as of July 2018, Foreclosure starts increased in 44% of US Markets.4
Storm Clouds for the Real Estate ‘Bellwether’ State
California is known as a ‘bellwether’ state – meaning it is an indicator of trends. And here is one trend you cannot ignore reported from CNBC on October 30, 2018…
“Southern California Suffers its Worst Housing Slump in over a Decade 5
The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic6.”
That represents the slowest September pace since 2007 when the national housing and mortgage crisis was hitting7.
And if it’s bad in California…?
Just think – if people aren’t buying homes like they were – imagine how tough it can be to sell your house?
But behind the figures is always a silver lining…
That House I Love is in Foreclosure?
You may now be able to buy your dream home at a price you can afford.
There are many websites that list Real Estate Agents and Companies such as Zillow and Trulia that can help you find all types of properties for sale.
They continuously build comprehensive lists from hundreds of public and private data sources – including properties you probably didn’t even know were in the market as well as properties in foreclosures – from Short Sales, Bank Foreclosures, HUD Homes, to pre-foreclosures and more.
And don’t forget – if you are looking to sell your home – many of these same agents would love to help you with that too. They have the tools and marketing power to help sell your house.
You’re Not Just Buying a Home You’re Buying a Lifestyle
Want to find a home in a neighborhood you love that suits your lifestyle?
Then find a real estate agent or broker near you who can help navigate the real estate market in your area today. With a bit of looking and a little bit of luck, you may find the house of your dreams at a price you can afford.
