Taking into account inflation and interest rates over the last twenty years, the following chart identifies the affordability of a home mortgage in the Orange County NY area. What this graph shows is that monthly payments are more affordable right now than in any time in the last generation.
Currently, there are ~130 homes for sale in the Monroe, NY area – ranging in price from $79K to $760K, and ranging in style from a 415 square foot bungalow near a lake to a 4500 square foot bed and breakfast and 4500 square foot contemporary retreat. If you are interested in taking advantage of the mortgage affordability factor, and are interested in the Orange County NY area, I’m here to assist you! Call The House Kat at 914-419-0270.