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Can We Afford to Pay the Piper?

It’s no secret that housing prices are at historical highs these days and that begs the question, Can people still afford to buy homes? The answer is absolutely YES!

On June 1st, Reports on Housing published data, tracking several Southern California Counties, suggesting that housing affordability has actually been increasing over that past forty years. Let’s look at a couple of examples:

Orange County


Riverside County


According to this data, in 1990, the mortgage payment on the median value Orange County home was 50% of the median income and 38% of the median income in Riverside County. Today, however, those numbers have dropped to 44% and 32%, respectively. Feel free to contact us on our direct line at (714) 203-1669 or send an email to office@UltimatePropertiesSold.com directly regarding your specific area!

How is this possible, with home prices at such record high levels? The answer comes from two factors: first, during that same time period, the local median incomes have been consistently climbing while second, the interest rates on mortgages have been consistently falling.

In terms of affordability, high incomes combined with low interest rates are actually making homes MORE affordable for families.

These low interest rates combined with historically high home values make now a fantastic time to sell your current home while favorable affordability percentages also make it a great time to buy your next home!

With over 35 years in the home selling business, Ultimate has successfully predicted many market trends and, right now, our recommendation is SELL! SELL! SELL! (And then BUY, BUY, BUY!!!)

WE CAN MAKE THE SALE OF YOUR CURRENT HOME 100% CONTINGENT ON YOU FINDING THE HOME OF YOUR DREAMS AND IF YOU DON’T FIND IT, YOU DON’T HAVE TO MOVE.

Let us streamline the process of maximizing the profits on your current home and get you into the home of your dreams! Our direct line is (714) 203-1669 or send an email to office@UltimatePropertiesSold.com.

Your Home's Value

Your Home's Value lead generation form
  • Please remember that this is just an estimate of your home’s value. For a more precise valuation we welcome the opportunity to meet with you and give you pricing recommendations based on its unique characteristics. Ultimate’s team has vast experience in selling both resale and new home communities.

    Ultimate has the added benefit of perhaps selling in your community when they were brand new, which gives Ultimate the edge as we know your home from the inside -out, from top to bottom, and know all of the great feature benefits.

  • Please provide some information about your property to help us reach an accurate evaluation.
  • Please list additional rooms and describe any special features and recent upgrades. For example: new roof, new carpet, custom kitchen cabinets, property near park, etc.

  • Please provide the following information so we can contact you with your home valuation report.


  • *Your name and email address are required. By submitting this form with your telephone number you are consenting to be contacted even if your name is on the Federal "Do-not-call List."
  • This field is for validation purposes and should be left unchanged.

Our company is much more than your usual resale company. We are a premier new home sales company with over 35 years’ experience selling throughout Southern California.

COMMENTS

  • Avatar
    August 3, 2021
    reply

    Linda

    As always the posts and information are great. Really also love the posts on social media that showcase fun, food, festivals and more events. Everyone should like Ultimate Properties, Inc. on these as well. So much fun to catch up on all areas and events here in Southern California and beyond

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