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.
For the past few years, affordability has been what’s stopped a lot of buyers in their tracks. Maybe it stopped you, too.
Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6%
Renting can feel like the easier choice right now.