Housing Market Myths
Here are a few myths about today’s housing market causing fear & what you really need to know.
If you have any reservations or fears about purchasing a home today, let’s connect so you have an expert to clear those up!
MYTHS & FACTS
⊗ I cannot buy a home if I have student loan debt
√ Many people can still purchase a home, even if they have student loans.
“…buying a home with student loans is possible, experts say. The proof is in the numbers, too: Some 40% of first-time homebuyers have student loan debt, according to the NAR study.” – Apartment Therapy
⊗ Home prices were going to drop in 2023
√ The data proves, that nationally, home prices are NOT crashing. They are actually rising again after a little dip.
⊗ I have to put 20% down when I buy a home
√ You do NOT have to put 20% down unless specified by your loan type or lender. According to the NAR, the median down payment is lower.
