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On this Day……

In 1981 interest rates were at an average of 18.45% as the federal reserve was in the midst of a battle with inflation.  The average home price in the United States was $82,500 and the affordability of homes in the US was at an all time low as most everyone was priced out of the market.

In todays dollars and using the current average US home price of approximately $325,000, the total payments over 30 years would equal $1.43 million with $1.18 million in interest.

Fast forward to today and we are still enjoying near all time low interest rates where the same $325,000 house would result in $446,000 in total payments

The time is right to buy a home! Click the following link to get pre-approved today …..http://davebitter.scarlettrealestate.com/finance/

Source: finance.yahoo.com, interest.com

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Kyle was incredibly patient with all my 1st time home buyer questions. He treated me like family and held my hand every step of the way. I couldn’t have bought my house without his help and the expertise of his team. He also recommended a phenomenal inspector, who was reasonably priced and added tremendous value to my home. Kyle continues to recommend post closing contacts to help ease my transition into my new home. Scarlett is an all around stellar team! Thanks guys!
Homeowner in Prosperity Village, Charlotte, NC