October 12, 2018 rummy

There have been countless reports saying that home prices nowadays are more expensive that is was 10 years ago. While this is accurate, most reports do not include why this is not necessarily a bad thing. Let’s find out why. The reason is that homes were less affordable 25, 20, or even 11 years ago than they are today. Obviously, buying a home is more expensive now than during the ten years immediately following one of the worst housing crashes in American history. Over the past decade, the market was flooded with distressed properties (foreclosures and short sales) that were…