How Affordable is Housing in Brentwood Ca 94513 Right Now?
Right now people seem to be a little concerned that housing prices are not going down and may even be going up a little. And in some Markets in Brentwood Housing Prices may be going up.
However, Housing is much more affordable than last year. The main reason - Interest Rates.
Last year if you purchased a $300,000.00 home with 20% down at a rate of 5% the payment would be $1,288.37.
This year if you purchased a home at $335,000.00 with 20% down at a rate of 4% the payment would $1,279.47.
I will tell you right now there is no market in this area were prices have climbed by more than 10% in the past year but Housing Affordability keeps coming way down.
I cannot imagine Interest Rates getting much lower and there are reports that they are starting to climb. Many speculate that we are heading for inflation both in Interest Rates and Prices.
There are many different types of loans and scenarios; but in general this is what has been happening with interest rates and housing affordability.
There has never been a better time to Buy a Home. Take a Look at these Homes then Call me at 925-260-4321 to speak find out about getting one. I can provide a quality referral to a lender than will review all options with you.
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Where is Home Point Real Estate?
Home Point Real Estate is Located in the East Contra Costa County community of Brentwood we also provide service to Discovery Bay, Antioch, Oakley, and Pittsburg. Click on the Community to see Homes For Sale Now.
Does Home Point Real Estate Handle Bank Owned Homes?
Yes! Go Here to: Get the Free Bank Owned Homes Buying Guide and Get a Free List of Bank Owned Homes.
What if I am in Foreclosure, having Mortgage Trouble, or Want to Short Sale my Home?
Home Point Real Estate is the company for you! Contact Home Point Real Estate and request a Free Consultation with a certifies SFR (Short Sale and Foreclosure Resource) to see if there is a way to save your Home or to do a Short Sale and help Save Your Credit. Get the Free Short Sale information Report for Buyers and Sellers too. Click Now for Short Sale Information and Free SFR Consultation.
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