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.
Looking to buy a home this season? Here's what you should know.
Buyers have more leverage today than they’ve had in years. There are more homes to choose from and, in many areas, sellers are more open to negotiation.
But that doesn’t mean competition is gone completely. These days, it varies a lot depending on where you’re hoping to move.
If you’re getting a tax refund this year, here’s something worth thinking about. That money could actually help you get closer to buying a home.
It may not be something you’ve factored into your plan yet, but it can give your savings a nice boost right when you need it most. And whether your refund is a few thousand dollars or more, there are some smart ways to put that money to work as you get ready to buy.
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.
If you’ve been looking for a home lately, you’ve probably felt how tough affordability still is. And that's exactly why more buyers are opting for adjustable-rate mortgages, or ARMs.
Here's what you need to understand about how they work, and whether they make sense for you.
Be honest. Have you started looking at homes online yet? If you have, it’s already time to get pre-approved. Because here’s what not enough people know.
If buying a home is on your radar – even if it’s more of a someday plan than a right now plan – you don’t want to wait until later on in the process to tackle this step.
Mortgage rates have been volatile lately. And if you’re thinking about buying a home, that can make it harder to plan. But there are still things you can do to get the best rate possible in today’s market. It starts with having the right information.
So, what’s causing the bumps in rates? And what can you do about it? Let’s break it down.
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