” If you can Image it, you can achieve it. If you can Dream it, you can Become it.” William Arthur Ward
There is a lot of research coming out showing that it makes great financial sense to purchase a home today. Whether it be Rent vs Buy ratios, Income-to-Price ratios or Income -to-Mortgage payment ratios, purchasing a home now is a bargain compared to historic norms. Now we want to look at the COST of a home today compared to peak prices.
According to the most recent S&P Shiller price index, residential real estate values have returned to 2003 prices. Then when you factor in mortgage rates, the case for buying a home today becomes even more compelling.