Optimism all around This chart shows that a very small percentage of Americans expect home prices to fall in the next 12 months. By a good margin, continued increases are expected. This is good news to everyone with a hand in real estate – even homebuyers. Why homebuyers? The buyer’s market is gone and […]
What is the Wisconsin Housing Affordability Index? This number shows what percentage of a median priced home a buyer with a median family income could afford, assuming current mortgage rates and 20% down. So, a typical buyer could afford 215% of a median priced home in Wisconsin. While still very affordable, the Housing Affordability […]
Yes, rates have risen a bit and home affordability is down a little bit. But looking back, today’s housing is still a wide open opportunity to get into a move up home or first home at historically low costs. Talk to your First Weber real estate agent, search Wisconsin real estate at firstweber.com or […]
Interest rates greatly affect your buying power. To illustrate this simply, imagine your desired monthly principle and interest payment is around $1,000. The chart shows the rate at left, the corresponding P&I payment and the cost of home that you’d be able to purchase at the bottom of the chart. A 1% change in interest […]