Assuming a $2,500 monthly mortgage budget, a buyer today can afford a home that costs $508K compared to only $457K one year ago. While home prices have gone up, today’s lower mortgage rates make it a better deal – providing buyers can find a house that’s for sale.
source https://www.floridarealtors.org/news-media/news-articles/2020/03/march-2020-buyers-can-get-more-march-2019-buyers
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