Lower real estate prices have been a blessing for people in ministry according to Idaho real estate agent John Espinosa.
Online PR News – 01-September-2011 – – Meridian, ID – For pastors, lower prices for real estate have been truly a blessing, allowing some to buy a home for the first time, according to Meridian real estate agent John Espinosa.
Espinosa, who comes from a family deeply involved in Christian ministry, says that the economic downturn has hurt a lot of charitable organizations, to be sure. But he says that ministers who have a steady income, however sparse, can often afford to buy a home now, whereas before they couldn't.
"In the past, incomes were an issue, of course; everyone knows your average pastor doesn't make a lot of money. The biggest problem in the way of home ownership, however, was high real estate prices, and now that they've come down a bit, we're seeing more pastors able to afford to buy a home."
He says that since the most active price point over the past few years has fallen to below the $100,000 mark, affordability has worked in the favor of those serving the church who want to buy a home.
"Many ministers have felt like the sense of permanency and security a family feels as a result of owning a home was unattainable. The weak economy has done a lot of harm, but the one good thing it has done is make Boise, Meridian and Eagle homes very affordable."
For more information on Idaho real estate, contact:
5680 E Franklin Rd, Suite 100
Nampa ID 83687