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Data shows inflation is moving in the wrong direction. But before the headlines send anyone into a panic, here’s what’s actually going on, why it matters for the housing market, and what it means if you’re thinking about buying or selling.
You started shopping with a specific mental image of your future home in your mind. Then the houses in your budget came in smaller than you pictured.
Let’s be real with each other for a second about affordability.
Nearly half of Veterans (49%) feel homeownership is currently out of reach, according to a recent survey from NewDay USA.
If you’ve always assumed a newly built home is just not in your budget, you should know the math just got a little friendlier.
For a lot of would-be first-time buyers, affordability is the thing that’s standing in the way.
According to Google Trends, online searches for down payment information recently hit an all-time high.
For a while, buying your first home hasn’t just felt hard. It may have felt out of reach.
With economic headlines, global events, and near constant talk about affordability, you may be wondering if this is the right time to move.
For a lot of people, the math on buying a home just doesn’t really work right now.