It's Time to Buy That Home

U.S. house prices have plunged by nearly a third since 2006.

The good news!

Two key measures now suggest it's an excellent time to buy a home.

First, the nation's ratio of house prices to yearly rents is nearly restored to its prebubble average.

Second, when mortgage rates are taken into consideration, houses are the most affordable they have been in decades

For example, the median home in the greater Phoenix market, costs $121,700, according to Zillow.com. Home pricing in Franklin NC is very similar...
With a 20% down payment and a 4.12% mortgage rate, a buyer's monthly payment would be about $470. Rent for a comparable house would be more than $1,100 a month, according to data provided by Zillow.com.

When prices are low, loans are cheap and plump investment yields are scarce, buyers should jump now!

read the complete article by Jack Hough here

—Jack Hough is a columnist at SmartMoney.com

SEE HUNDREDS MORE LISTINGS IN FRANKLIN NC HERE

Would you like to know more about the FRANKLIN NC - OTTO NC AREA? GO HERE

Macon County NC Real Estate with Specialty in Franklin & Otto
"Offering Solutions to My Clients"
Your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head, provides a superior level of informed, professional real estate service to Buyers and Sellers. You can obtain any information you require in order to make an informed purchase regarding Franklin NC Homes for Sale and Otto NC Properties for Sale with John Becker at BALD HEAD REALTY. Call 828-506-3719

"My Dream Is To Help You Move Into Yours"

REALTOR designation image Equal Housing Opportunity

www.baldheadtherealtor.com - FRANKLIN NC'S BEST RESOURCE FOR REAL ESTATE INFORMATION
Disclaimer for the Website Owned by John Becker / Bald Head The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site whose name appears above, and Systems Engineering,Inc. disclaim any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above, or Systems Engineering,Inc., are not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site or Systems Engineering,Inc..

Cowee NC Real Estate * Homes and Land | Cullasaja NC Real Estate * Homes and Land | Holly Springs NC Real Estate * Homes and Land | Iotla NC Real Estate * Homes and Land | Otto NC Real Estate * Homes and Land | Cartoogechaye NC Real Estate * Homes and Land | Patton Valley NC Real Estate * Homes and Land Burningtown NC Real Estate * Homes & Land

Cowee NC Real Estate * Homes and Land | Cullasaja NC Real Estate * Homes and Land | Holly Springs NC Real Estate * Homes and Land | Iotla NC Real Estate * Homes and Land | Otto NC Real Estate * Homes and Land | Cartoogechaye NC Real Estate * Homes and Land | Patton Valley NC Real Estate * Homes and Land Burningtown NC Real Estate * Homes & Land

When working with real estate agents in NC you need to know this information