As mortgage rates start to climb due to rate increases by the Fed and with housing inventory still in short supply, homebuyers may find themselves in a very competitive market. This has led many homebuyers to feel pressured to move quickly when shopping for a home and possibly stretch their budget to the limits. According […]
Tag Archives: buying a house
2021 Pandemic Expenses You Can Expect When Buying a Home
Last week we looked at what it costs to build a home, this week we thought we would look at some of the expenses you can expect when purchasing an existing home. If you are in the market for a new home, you may be wondering, how much house can I actually afford? This question is more […]
Homes Are Now Less Affordable Compared to Historical Averages
A recent report by ATTOM, curator of the nation’s premier property database found that median-priced single-family homes are now less affordable when compared to historical averages in 75 percent of counties across the nation. This figure is up from the 56 percent jump that ATTOM reported in the third quarter of 2020. This is the […]
Buying a House? How much house can you actually afford?
Buying a house is not just about putting a roof over your head, it is also an investment, the equity you build in the house over the years can end up being a significant portion of your financial well-being in the future. The process of buying a home can be a bit overwhelming, after all […]