How Do Low Gas Prices Affect Your Spending Power?



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You've probably noticed, and reveled in, the incredibly low gas prices we've had in Birmingham lately. Today, we explain how these great oil prices affect your spending power.

It's been estimated that a 23% decrease in gas prices adds about $100/month to the average American's income. This equates to a 11% boost in purchasing power when buying a new home! Mortgage rates have recently fallen as well, and have resulted in a 7% boost to the purchasing power of buyers in our market! 

As you can see, now is a fantastic time to buy a home. Buying real estate is rarely, if ever, this affordable, so we encourage you to take advantage of these conditions while they last! 

If you have any questions about our current market, we would love to assist you! Give us a call or shoot us a quick email for the service you deserve! We look forward to hearing from you soon!