Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability.  Even though interest rates have gone up in the last six months, they are still near historic lows.  Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life.  It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.”  To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.

Golden Boys and Girls

will appreciate this 55+ Gated Community

featuring a Private 9 Hole Golf Course,

Community Center, Bocci Courts and In-Ground Pool. 

This Baronet I unit features two bedrooms, full bath,

Spacious Eat-in Kitchen, Living Room/Dining Room Combo,

Enclosed Front Porch with Jalousie Windows, Laundry Closet and

attached one-car garage with full attic. 

Taxes do not reflect available STAR savings.