Real Estate Insights: Can I Afford to Own?
With interest rates on the rise and the tremendous gains in the Denver market these last few years, people have been asking, “Is it too expensive to own?” After researching and digging up some numbers, we find that conditions are still very favorable for ownership. Right now, the percentage of income needed to afford the median rents in the area is 28.8%, versus 17.1% of income needed to own a median-priced home. The market is still solid for ownership!
A professional Realtor has the experience to navigate through whatever comes up with home inspections, market fluctuations and passionate buyers.