Find us on...


Login using...

New Search X

Big Idea 2013: Home Prices Set to Skyrocket

Posted by Bonnie Martin Designated Broker on Tuesday, January 15th, 2013 at 8:55am.

Don’t be surprised if home prices begin to appreciate rapidly. Why? The ratio of homeownership costs to income is at an all-time low, and people are not going to continue renting homes at a monthly cost that exceeds a mortgage payment.

In fact, home prices need to rise 38%, or mortgage rates need to rise to 7.9%, for us to get back to the normal ratio of homeownership costs to income. It doesn’t matter how you define homeownership costs. As long as you use a consistent definition, homeownership is cheap!

To read more on this article, click the link below:


Leave a Comment