Ok, here’s the reality. A few weeks ago, if you were looking to buy a $200,000 home, your payment would have been $926 a month (P&I). Today, your payment will still be $926 per month, but you can only buy a house at $188,000! BAM! Reality Check! For all those buyers waiting til the ‘bottom’ occurred to buy? YOU MISSED IT! Seriously, if you are thinking of needing to buy a home, you need to consider it quickly. As interest rates rise, you have less purchasing power. Let me know, I will be glad to discuss purchasing and finance options.
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