Home Affordability Reaches 18-Month High
If you took an economics course, then you know that the U.S. economy goes through highs and lows, ups and downs, and that affects affordability in the housing market. In fact, the housing market is a fantastic indicator of how well our economy is doing. Forbes reports that we are in the nation’s longest economic expansion… ever. Surely, if we are at an all-time high, we must dip back down eventually. After Wall Street saw a severe routing on Wednesday, the average person may think that we are heading into our next recession.
However, it’s important to read between the lines. The truth is, it’s never been more affordable to own a new home.
If you couldn’t afford a home 18 or 6 months ago, you may be able to afford one today.
The nation’s economy has been growing for 121 consecutive months. Now is a fantastic time to lock in your interest rate and get started on your dream home. Interest rates hover around 4% today, which is still a major low compared to the 8% interest rate before the last recession.
With Jagoe Homes and our preferred lender, FBC Mortgage, we can get you prequalified for your brand new, Jagoe Home today! Build on your own site in Southern Indiana or Western Kentucky, or choose a home site in one of our beautiful, conveniently located communities in Bowling Green, Louisville and Owensboro, Kentucky, and Newburgh, Evansville and Huntingburg, Indiana.
Jagoe Homes and FBC Mortgage make your home buying experience simple!
Visit a Jagoe Model Home and speak with a New Home Sales Consultant to get started! We are here to help! Chat with an Online Sales Consultant to set your appointment, or Take a Virtual Tour of select home plans.
Click Here to get prequalified with FBC Mortgage.