Many are hoping that waiting until fall will bring greater affordability to the housing market, but the reality is a bit different. Right now, the income needed to purchase a median-priced home in the US has climbed to over $120,000—a figure that’s nearly doubled in recent years. With mortgage rates hovering around 6.5% and home prices continuing to rise, simply waiting may not create the opportunity you’re looking for.
Instead, thoughtful preparation is what truly makes the difference. Typical down payments range from 6-9%, but it’s important to know there are also low or zero down payment options out there. As someone who guides clients through every phase of the buying process, I’ve seen first-hand how understanding your options and planning ahead can position you for success, even in a challenging market. Every move is unique—let’s make sure yours is informed and strategic.
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