It is less affordable to buy a home today than it was during the last 10-years! By the end of this year, next year and next the next decade, homeownership is going to continue to get less affordable. Even if home prices appreciate at a slower rate than they have in the past, in the coming years, home affordability will slide. Now even though it is more expensive today as compared to a decade ago, home affordability is less than it was prior to the housing correction.
Kevin Martini | NMLS ID 143962 | Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 5650 Six Fork Road, Suite 101, Raleigh, NC 27608 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity