Buying Power-How Far Will Your Dollar Go?

May 6, 2010 by · Leave a Comment 

Consider the value of interest rates. The difference of 1% can change what price range or neighborhood you can afford. Watch the video to find out more.

As you can see on the chart, the value of homes have consistently gone up over the past 20 years with a slight dip in the last 3 years. Interest rates have done just the opposite and consistently gone down. The difference between the two trends is a what we are calling “Buying Power.”

About Katy

I am a 4th generation Austinite and a 3rd generation REALTOR with West Austin Properties. I specialize in buyer representation and would love to help you buy, sell or lease a home! Contact me for any of your real estate needs at Katy@WestAustin.com!