Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

    Blog ×Did you know?! You can now EMAIL any KCM Blog Post! Click the blue email icon below to get started! Use the buttons below to share with your Personalized Posts profile...                  Your Friends Are Crazy Wrong If They're Telling You Not to Buy Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!  Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.  Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM  As we can see, the percentage necessary is less now than in those time periods.  The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.  Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM  Bottom Line Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

     

    The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

    Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitorshowing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.

    Blog ×Did you know?! You can now EMAIL any KCM Blog Post! Click the blue email icon below to get started! Use the buttons below to share with your Personalized Posts profile... Your Friends Are Crazy Wrong If They're Telling You Not to Buy Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust. Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM As we can see, the percentage necessary is less now than in those time periods. The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states. Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM Bottom Line Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

     

    As we can see, the percentage necessary is less now than in those time periods.

    The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

    Blog ×Did you know?! You can now EMAIL any KCM Blog Post! Click the blue email icon below to get started! Use the buttons below to share with your Personalized Posts profile... Your Friends Are Crazy Wrong If They're Telling You Not to Buy Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust. Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM As we can see, the percentage necessary is less now than in those time periods. The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states. Your Friends Are Crazy Wrong if They're Telling You Not to Buy | MyKCM Bottom Line Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

    Bottom Line

    Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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