Wednesday Morning Coffee - Buyer's Purchasing Power

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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