Less House, More Home: Why Smaller Homes Are Paying Off for Today’s Buyers
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.
Auto Added by WPeMatico
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.
Let’s be real with each other for a second about affordability.
Nearly half of Veterans (49%) feel homeownership is currently out of reach, according to a recent survey from NewDay USA.
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.
For a lot of would-be first-time buyers, affordability is the thing that’s standing in the way.
According to Google Trends, online searches for down payment information recently hit an all-time high. And that’s a clear sign more buyers are trying to figure out what they really need to save before making a move (see graph below): If you’re wondering the same thing, you can always turn to the internet for answers. … Read more
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 … Read more
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 … Read more
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 … Read more
For the past few years, affordability has been what’s stopped a lot of buyers in their tracks. Maybe it stopped you, too. At some point you probably did the math, looked at the monthly payment, and decided to pause your search and wait for things to get better. But here’s something you may have missed … Read more