A Perfect Storm





In a philosophical moment as I was waiting for the light to turn green, I thought about the stroke of luck that has made home-ownership possible for many people who a few years ago couldn't afford a home.

• Several factors have lined up at the same time to bring about this great occurence for people. Rates are down to almost record lows (around 6%)Prices have fallen 2-5% or even more in some areas
• There are LOTS of homes to choose from
• Mortgage laws now protect buyers by prohibiting lenders from lending more to buyers than they can afford

All this has happened at once, a confluence of events, the crossing of the streams, a rabbit from the hat, ... With the result that home affordibility is at the highest point it's been for years!


If you are thinking of buying a home, now is a great time to "buy low"! It truly is a perfect storm!