Archive: March 2018

Can You Afford to Buy in 2018?

"Buyers should be prepared."
Most aspiring buyers can still afford to buy a home... if they can find one.

Will It Become Harder to Afford a Home? Experts Say Yes

Despite a red-hot real estate market, most aspiring buyers can still afford to buy a home—if they can find one. But it may not be that way for much longer.

Households bringing in at least $68,000 a year, the national median, could afford about 59.6% of all newly constructed and existing (previously lived in) homes sold in the fourth quarter of 2017, according to a recent National Association of Home Builders report. But that doesn’t take into account the most expensive coastal markets such as San Francisco and New York City, where buyers need six-figure salaries for even the smallest and oldest of residences.

Read the full Realtor.com article here!