How Much House Can I Afford?
Being able to buy a house remains a big part of the American dream. For many of us, it can signal we’ve arrived into adulthood or achieved a significant life goal.
Being able to buy a house remains a big part of the American dream. For many of us, it can signal we’ve arrived into adulthood or achieved a significant life goal.
With today’s advantages for buyers and sellers at different ends of the market, you need an expert on your side to help you navigate the ever-changing waters.
A family that purchased a median-priced home at the start of 2019 would build more thann$37,750 in family wealth over the next five years with projected price appreciation alone.
While many potential buyers still think they need to put at least 20% down for the home of their dreams, they often don’t realize how many assistance programs are available with as little as 3% down.
Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.