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.
That’s the reality for a lot of buyers right now. Affordability is tight.
Let's be real with each other for a second about affordability. Because you deserve someone who will be honest and transparent about what’s going on, especially if you’ve got a move on your mind.
Nearly half of Veterans (49%) feel homeownership is currently out of reach, according to a recent survey from NewDay USA.
But many are closer than they think. And you might be, too.
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.
The median sale price of a newly built home is now at its lowest level since 2021, according to the latest data from the Census. And on top of that, builders are still rolling out incentives to bring buyers through the door.
For a lot of would-be first-time buyers, affordability is the thing that’s standing in the way. But some buyers are getting creative and finding a way to still make the numbers work – and that’s through co-buying.
The Dream Is Still Alive. The Math Just Isn’t Working for Everyone.
For a while, buying your first home hasn’t just felt hard. It may have felt out of reach.
Not because you weren’t ready.
Not because you weren’t trying.
But because every time you ran the numbers, they didn’t work.
That’s why so many first-time buyers stepped back.
But after years of sitting on the outside looking in, this Spring could give buyers like you an opening again – especially in some markets.
With economic headlines, global events, and near constant talk about affordability, you may be wondering if this is the right time to move. But here’s what you need to remember.
While recent events do have some impact on the housing market, they don’t take buying off the table. You just have to use a different strategy.
For a lot of people, the math on buying a home just doesn’t really work right now. Maybe that’s how it feels for you too. You look at the cost of buying. Then you look at the cost of childcare. And it starts to feel like you have to choose one or the other.
But some families are finding a way to make both work by doing something a little different: teaming up to purchase a multi-generational home.
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