Thanks in part to income increases and lower mortgage rates, it’s more affordable to be a homeowner in most markets nationwide, according to an article on NationalMortgageNews.com.
Jacob Passy writes, “the price of single family homes against the impact of income and interest rate changes that affect consumers’ buying power fell 2.1% from June and 4.8% year-over-year” with declines occurring all across metropolitan areas.
With affordability increasing in markets everywhere, homebuying is made even easier with Stockton Mortgage Corporation. If making the leap into homeownership is concerning to you, gain confidence with our First Time Homebuyer’s Guide!
