BC Assessment
For the past year you’ve probably heard the media and real estate experts talk about the crash that will follow the first part of the decade’s real estate boom. According to many agents in Missoula county, the higher tiered homes are still selling pretty easily, while the mid to lower-tier homes have a bit of a longer wait when put on the market. The median household income was about $43,262 in 2005 and with more jobs available, more first-time home buyers can afford a higher home value than previously.
The record prices are only the latest reminder that even in a buyer’s market , the cost of homes has for decades outpaced wage growth in the U.S., putting homeownership out of reach for many Americans. My millennial buyers usually ask for two years’ worth of utility payments,†says Joe Rivellino , a real estate professional in the Buffalo, N.Y., area.…