Nashville- Will the affordability index ever be better than now, since it;a at it historical best.?
The fact is that we may never see interest rates this low again, and prices are not going down any more. It would not be unreasonable to think that interest rates could go as high as 7 or 8 percent when the inflation kicks in. That affordability index will change considerably when the monthly payments go up 30 percent for the same price home.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
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