Key Takeaways: The headlines about declining housing affordability are correct—but they’re not taking into account inflation rates. Buying a home is actually more affordable today compared to almost every year in the last five decades, which means you can afford homeownership. Here at Linda Craft & Team, we want all our clients to take advantage […]
Tag Archives: home affordability
Rental vs. Mortgage Payments: Which Do You Think Is Higher?
Key Takeaways: Median rental payments have reached their highest point ever, with rents up by 8.1% from this time last year. Buying a home may be more affordable than you can imagine—the average mortgage payment is actually lower than the median monthly rent currently. Here at Linda Craft & Team, we are experts in homeownership. […]
Are You Intimidated as a Young Homebuyer?
Key Takeaways: There are many home-buying myths that intimidate young buyers—and we’re here today to debunk these damaging myths. Buying a home is more affordable today compared to historical averages, which means you may be able to afford more home than you think. Here at Linda Craft & Team, we understand that being a young […]
Why the Cost of a Home Is Far More Important Than the Price
Knowing how much you can afford is an important first step in your home buying journey. However, many buyers make the mistake of only factoring the list price of a property into their final decision. And as prices continue to skyrocket, you may be wondering if it’s possible to make a move in such a […]
Homes in the Triangle Are Now More Affordable Than Ever—Here’s Why!
Even amidst a global pandemic and economic downturn, home prices just keep going up. And while this may seem like great news for sellers, buyers have also gained a serious advantage over the last few months. Believe it or not, homes in the Triangle are now more affordable than ever before thanks to record low […]