As a mailbox company, Estes Designs Mailbox and Streetscapes is always in tune with housing industry trends; more houses mean more mailboxes! A recent study reported that the housing market is finally approaching affordability, meaning that it is now more affordable to be a home owner.
U.S. Households Make Long-Await Gains in Housing Recovering uses new Census data to show that the percent of income homeowners’ use toward their rent payment is decreasing to levels that were seen before the housing market crash, in 2008. The report credits the affordability improvement to:
- Low mortgage rates
- Increase in income levels
- Increase in single-family buying houses instead of renting
This news comes as a long awaited relief for many homeowners. With this recent decline, more individuals can afford to purchases houses. And those that are already homeowners, will have more disposable income that is not tied up in their rent payments. In both cases, Estes Designs Mailbox and Streetscapes hopes we can be the mailbox of choice for these new affordable homes. Read the full article and visit our website to shop for your new mailbox!