What is the #PerfectStorm?
The #PerfectStorm is a real estate phenomenon during which renters and first-time homebuyers are more able to afford their own home for the same price (or even less) than what they are currently paying in rent.
This situation has arisen for several reasons, including interest rates that continue to be at historical lows and a local real estate market that’s saturated with inventory. The lower the interest rates, the more money you save on a mortgage in the long-term. The more homes for sale, the more likely you are to get a better price due to increased selection, a situation that we refer to as a “buyer’s market.”
There are many #PerfectStorm properties available today. Below, see what kind of a house you might be able to afford for the same price as you’re currently paying in rent. Also be sure to follow @WindRiverRealty on Facebook and Twitter for all the latest news under the hashtag #Perfectstorm!