Wednesday Morning Coffee - Buyer's Purchasing Power
Posted by Allison Simson on Wednesday, January 22, 2014 at 12:00 AM By Allison Simson / January 22, 2014 Comment
Happy Wednesday Morning to YOU!
With all the talk about interest rates in the news right now, I thought this little graphic would shed some light on how rates actually affect real estate buying power! A 1% increase in interest rate equates to a 10% less purchase price with the same payment. Also of note, in Summit County, CO last year, almost 50% of our transactions were cash deals!
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