Texas Tract Simi Valley | Your Friends Are Crazy Wrong If They're Telling You Not to Buy

 

Southern California has long been considered a hotspot for real estate. The same holds true for the Texas Tract Simi Valley. Where else can you surf in the morning, hike in the afternoon and ski in the evening? Aside from being a great destination spot, many choose to call it home. As such, the dollar doesn't go nearly as far as many other places in the nation, therefore it's crucial that you surround yourself with professionals that know and understand the complexities of the market. People that understand that now is still a great time to buy. Interest rates are still relatively low, and California real estate has consistently provided a profitable return in the long run.

Today, I would like to talk about Your Friends Are Crazy Wrong If They're Telling You Not to Buy

 

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.

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.

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.

 

Source.. KCM Todd Kaufman Blog

 

To learn more about buying a home in the Texas Tract Simi Valley or surrounding area,

give me a call at 805-206-4313 or email me at todd@kaufmanproperties.com