VIDEO: C.A.R.’s Purchasing Power Calculator Helps Determine What Buyers Can Spend on a Home

When your clients ask you about affordability, or if your sellers want to know what buyers will have to pay for their home, you can use the Purchasing Power Calculator from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), to answer questions about affordability. 
 
This dynamic tool shows how purchasing power changes based on household income, interest rates, down payment amounts and more.
 
By inputting an estimated annual household income, down payment, and monthly debt-to-income ratios, you can adjust various interest rates to see the number of homes listed at or below that threshold in a specific county.
 
This tool, offered by the California Association of Realtors, is regularly updated by the third week of each month with data from the previous month.
 
The clip below is of Jordan Levine, Senior Vice President and Chief Economist of C.A.R., demonstrating how to use this tool during our latest episode of Statistically Speaking.



If you have any questions or require further information, please reach out to us by emailing support@mlslistings.com.