Forgotten Your Password?

Need to Register?

Edgar DeJesus

Affordability Is At An All Time Low

Tuesday, April 23, 2013 - Article by: Edgar DeJesus - The DeJesus Group / ABC Lending Solutions, Inc. - Message

In 1980, the average home price was just over 90k. Now in day the average home price is just over 180k. Taxes and Insurance in the early 80's were about $150 per month less than they are today. However, mortgage rates back then were over 12%, compared to today's which are around 3.5%. The total mortgage payment for principal, interest, taxes, and insurance at an 80% loan to value today is $50 per month less than it would have been over 30 years ago. Let's factor inflation in the mix and prices today are just a slice of what they use to be 30 years ago. Don't wait to purchase your new home, now is the time. Call us today 813-299-8962 or visit us at

Related Searches:

Didn't find the answer you wanted? Ask one of your own.

Get an answer
Subscribe to our news feed.