Why the Millennial Generation Should Not Fear Soaring Home Prices
Segment 2
Why the Millennial Generation Should Not Fear Soaring Home Prices
We are back with Barb Schlinker, Barb…Many home buyers are concerned that they will get priced out of the market. Why should people not fear soaring home prices and what about those first-time home buyers currently fueled by the Millennial generation who are starting to buy homes?
1. God Bless the Millennials! I am the mother of one.
1) Now they have jobs
2) They SAVE $$
3) Housing is Expensive
The Facts:
Home Prices up 20% in the past year
So have RENTAL RATES!
$ Average RentY o Y ChangeAvg Size$1458 Month16%849 SFSource: Rent Cafe
You Could Own for Similar Amount!
I have 3 Properties Coming On the Market in the Next Few Weeks BELOW That:
Townhome with NO HOA$270K - Pmt: $1271
SFA Home Powers: $300K – Pmt: $1357
SFA Home Fountain:$300K – Pmt: $1332
NEW SLIDE
Housing Affordability Remains
Above Average for Payment:
Average Home in 2019: Average Price $364K
Average Home in 2021: Average Price $499K
27% across 2 of the HOTTEST Years
Let’s Say you Buy Now.
Your Housing Costs!!!
Remain the SAME
No Rental Increases
No Being Asked to Move
Own a Property That Goes Up in Value
VERY Conservative Appreciation: 6%
Note: Average Appreciation since 2012 = 11%
You Bought a $300K Property:
In 3 Year’s it Would be Worth $357K
You are listening to the Real Estate Voice with myself Barb Schlinker of Your Home Sold Guaranteed Realty, you can reach me at 719 301 3900
We are talking Barb about Moving. What some other things potential home buyers should know before they make a move?
Interest Rates Still are Record LOW Levels
House Payments = Same Levels as 10 Years Ago!
Many buyers think BAD Time to Buy
Mortgage Affordability as a Percent of Income GREAT!
Housing Affordability is HIGH Today
We Are Offering a Free Report on:
How to Stop Paying Your Landlord’s Mortgage and Learn How to Own Your Own Colorado Springs Area Home
Visit: www.BuyInsteadofRenting.com
Or Call 719 301 3900
And if You Need to Sell First Before You Buy…
Find Out More About the TOP Things You Must Know Before Putting Your Colorado Springs Area Home Up for Sale:
You Can Order Your Report “The 9 Step System to Get Your Home Sold Fast and For Top Dollar” www.BarbHasTheBuyers.com click on the Green Button or call us at 719 301 3900
