The Cost of a Home: Last Year, This Year & Next Year

Hi Friends,

Here is an article I came across in my reading today that I thought you may have some interest in.

"The cost of a home is determined mainly by two components: price and mortgage rate. Today, we want to show how the monthly cost of purchasing a median priced home has changed over the last twelve months and how it might change over the next twelve months. For the first two examples, we will be using the National Association of Realtors' (NAR) Existing Home Sales Report to establish median price and Freddie Mac's Primary Mortgage Market Survey to establish mortgage rate. We also assumed a 20% down payment in all examples."


To continue reading: The Cost of a Home

Let me know if you have any questions!