Covid has not stopped the housing market

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Real Estate

It’s a GREAT time to buy a home in Middle Tennessee 

Black Knight reports that despite home prices rising 97 months in row, affordability is the highest since 2016. For the same monthly payment, buyers can now afford almost $32,000 more home than they could a year ago.

The report notes that thanks to low mortgage rates, buying power is up 10% from a year ago. In that time, the average home price increased more than $12,000, yet the average monthly payment went down 6%!

However, inventory is at an all time low and rental prices are soaring.   It's hard to find a home for sale, but working with a full-time like Wendy Dyes will help you put a plan in place to find the perfect home the minute it comes on the market.  Being prepared to buy with a pre-approval letter for a financial lender, understanding the different neighborhoods and how much your money will buy is an important first step in buying  a house in this fast growing market. 

Call Wendy Dyes today to see how you can get started on being a home owner and stop paying high rent. 615-807-0340