*** NEW LISTING ***
227 Valley Club Circle-Pleasant Valley Subd.
$265,000
2800sf. 4 bed/2.5 ba
Visit the link below to see more information and pictures.
“Since 1966, the median price of an existing single family home in the U.S. has varied between 150% and 251% of personal income per household. However, roughly three-quarters of the time it has been in a relatively narrow band between 185% and 230%. In September 2011, the ratio was just 153%, implying that to get back to an average price to income ratio, home prices would have to rise by about 27%.”
“During the week of October 7, Freddie Mac reported that mortgage rates had fallen to an average annual level of 3.94%. Assuming the use of a fixed rate mortgage with 20% down, this would make the median mortgage payment on a single family existing home just 6.9% of per household personal income, compared with an average of 14.4% since 1966.”
“By the third quarter of this year, we estimate that the implied median mortgage payment had fallen to just 78% of the median asking rent…”
“The numbers on housing have an important message for American families today, and particularly younger families setting out on life’s great adventure: Five years ago, at the peak of the home-buying euphoria, it was emphatically a time to rent. Today, when home ownership is depreciated more than ever before, the numbers tell us it is a time to buy.”
Beautifully maintained Brick & Vinyl Siding Home. New Roof, Extra Landscaping, Cul-de-Sac |
Open living space, hardwoods, trey ceilings, built-in bookshelves, gas log fireplace with brick surrounded by beautiful millwork |
Master with trey ceiling, two walk-in closets, double vanities, whirlpool tub and shower. |
Deck overlooks huge park-like backyard. Plenty of storage under house, too! |
Contact me for more information or to schedule a showing Amber Gibbons 501-681-5721 |