Rates are historically normal, but NOT normal when paired with today’s prices!!! The two together are ridiculous for what’s available in the market. You have very cheaply built and high priced new builds, or very old, and in most cases covered up issues, in pre-existing homes. The middle ground is also over priced. Because of the two combined… buyers have to ask themselves is it truly worth it for what is available. In addition, one has to consider all the middlemen getting paid on a sale.
Drunk on low interest rates? Pair that with the high cost of homes equals absurd monthly payment. Why not say that when talking about historic high interest rates? Sounds misleading
The rates aren’t the real problem, it’s the overpriced homes for sale
Both
Also talk to multiple realtors. Get the lowest fee possible. If possible, don't use an agent to save on fees.
Rates are historically normal, but NOT normal when paired with today’s prices!!! The two together are ridiculous for what’s available in the market. You have very cheaply built and high priced new builds, or very old, and in most cases covered up issues, in pre-existing homes. The middle ground is also over priced. Because of the two combined… buyers have to ask themselves is it truly worth it for what is available. In addition, one has to consider all the middlemen getting paid on a sale.
Drunk on low interest rates? Pair that with the high cost of homes equals absurd monthly payment. Why not say that when talking about historic high interest rates? Sounds misleading
As a first-time home buyer my wife and I decided that saving up a bigger downpayment was the solution for us.
I understand the logic, but unless it's a significant amount, it won't make a huge difference.
Don't wait they have so many programs for first time buyers.
"rates not high" says vulture pushing paper and counting bathrooms.
Most homeowners couldn't afford their house now😂
😂😂😂