Hi my name is Sam Monreal, Sales Manager for the Heyl Group. I wanted to talk to you about what some home buyers are experiencing here in the Central Texas market. With home prices rapidly appreciating, certain buyers feel that they are being priced out of the market. I’m here today to dispel the myth that right now is not a good time to buy the house that meets your needs.
If you look historically over time, in 1989, the average car costs around $15,000. In today’s market, the average car costs about $30,000. Gas has more than tripled in price and bread has quadrupled in price. With this, home prices from 1989 to present have nearly doubled. However, with interest rates currently sitting around 4.5%, you are still able to have almost the same monthly payment that you would’ve had in 1989 for a $94,000 house as you would for an $189,000 house in today’s market.
Our mission at the Heyl Group is to make sure you are the most educated buyer, so register today for our 2013 Buyer’s Guide to take advantage of historically low interest rates and one of the best environments for buying a home. Please don’t hesitate to contact us if you have any questions. Thanks and have a great day!