BlogStoriesForget the Price of the Home. The Cost is What Matters.
Forget the Price of the Home. The Cost is What Matters.
By Chad Brackett, November 26, 2019
Here is a table that simply shows the data:
In the article, Mark Fleming, Chief Economist at First American, explained it best:
“Focusing on nominal house price changes alone as an indication of changing affordability, or even the relationship between nominal house price growth and income growth overlooks what matters more to potential buyers – surging house-buying power-driven by the dynamic duo of mortgage rates and income growth. And, we all know from experience, you buy what you can afford to pay per month.”
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Principal Broker | ADU Specialist | OR & WA
Movin' and shakin'... Do you need to buy? Do you need to sell? Is moving in your future? Then let’s talk. Chad is a Principal Broker, licensed in both Oregon and Washington. Chad's career has afforded him the opportunity to live in 13 different states across the United States while buying and selling more than 15 homes and investment properties including most recently in the Piedmont neighborhood in Portland. Originally from a suburb of the Atlanta, Georgia, Chad moved to Portland in 2017 after spending two years in the Bay Area where he started his real estate career. Chad is a Northwestern at heart. “I love everything about Portland. The people, the topography and climate, it is the best place I have live. From the mountains to the coast, there is just so much for my family to do.” Chad understands first-hand the challenges with not only buying and selling homes but also understands how to help anyone navigate the moving process. His previous experiences will be an invaluable resource to you throughout your real estate transaction. Chad is committed to quality, integrity, professionalism and excellent service when you enlist his services. Prior to beginning his real estate career, Chad had a successful 30-year retail career in sales and operational support for divisions of large organizations like L'Oreal and Limited Brands amongst others. Chad is extremely detail oriented and will utilize his strategic planning, analysis and innovative approach to ensure that you are completely informed throughout the real estate transaction and achieve your desired goals. He has provided support, training and leadership to thousands of employees and has been a key contributor for hundreds of millions in annual sales volume. If a commitment to service and being the #1 priority is important to you, then contact Chad.