Home affordability is higher than it’s ever been in recorded history.
Today, home prices remain low and 30-year fixed rate mortgage rates are record lows below 4% nationwide. And, at least for now, low downpayment mortgage products are readily available.
Six months from now, the markets may be different. We can’t know for sure. All we can know is that today is great time to be a home buyer in Grayson County. Home prices and mortgage rates are favorable.
At the start of 2012, the experts never saw it coming. Now, here we are in September, with the perfect storm for home affordability.
When 2011 closed, the housing market was showing its first signs of a rebound. Home sales were strong, home supplies were nearing bull market levels, and buyer activity was strong.
Homebuilder confidence was at its highest point in 2 years and single-family housing starts had made its biggest one-month gain since 2009.
Additionally, 30-year fixed rate mortgage rates had just broke below the 4 percent barrier and looked like it may stay there.
Now is the perfect time for you to evaluate your options!
For $140,000 in Grayson County, you can take home a new car….
or…go home to a NEW HOUSE!
Here are a few examples – Click here to see more
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See all Grayson $140k.
(all data current as of 5/30/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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And when you’re ready to talk to a local expert, contact one of us. We live, work and play in Texomaland!