Home Buyers Find That It May Be More Affordable to Buy 2 Homes Than 1 » Mortgage Masters Group

Condo sales make up just a small fraction of the number of home sales in general. Of the 5.5 million existing homes that the National Association of Realtors (NAR) says were sold in 2017, just 610,000 were condos. However, homebuyers are increasingly looking towards buying condos. In 2017, there were 1.7 percent more condos sold than in 2016.

The U.S. homeownership rate fell to the lowest in more than. buyers have been struggling to find affordable properties as low mortgage rates and an improving job market spur competition for a tight.

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THE TREND OF MILLENNIALS FLOCKING TO BUY HOMES. mortgage lender Scott Finklea, area manager of GSF Mortgage, said the trend is likely to continue and that the obstacles preventing millennials from.

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 · In 2010, data engineer victor chin knew he couldn’t afford to buy a home in the San Francisco Bay Area, where the median sales price was $520,958 (it’s since shot up to $930,000). Still, he kept dreaming of a place of his own-and came up with a.

 · "Sometimes home buyers believe that they have to purchase a home equal to the amount they have been pre-approved for," said Nathan Garrett of Garretts Realty. Given that home prices are at an all-time high again and outpacing income levels, buyers looking to stay within budget may have to sacrifice some of the items on the wish list for a new home.

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