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Home buyers are adapting to a market where financing matters as much as price
Monthly affordability is pushing buyers to compare rate buydowns, property taxes, insurance and maintenance more carefully.
Monthly affordability is pushing buyers to compare rate buydowns, property taxes, insurance and maintenance more carefully.
Smaller homes, different neighborhoods and longer savings timelines are becoming part of the affordability equation.
Higher borrowing costs are putting more attention on loan maturities, occupancy and the quality of property cash flows.
Premium increases can materially change the true monthly cost of owning a property even when the purchase price is unchanged.
Financing rates, expected time in the home and local rent growth can make the answer very different from one market to another.