According to a new report, national house prices increased 8.2% between November 2019 and November 2020. It was the highest year-over-year jump since early 2014.
Unfortunately, it seems 2021 prices will follow in similar footsteps, albeit at a slower pace. According to a forecast from Realtor.com, prices will jump another 5.7% by years’ end — putting even more strain on already struggling homebuyers.
Are you worried about rising prices hurting your chances at homeownership this year? According to experts, you still have options.
In many cases, adjusting where you’d consider buying can help.
As Danielle Samalin, CEO of homebuying education platform Framework Homeownership, explained: “Where your house is located often has a bigger impact on the cost than what your house has in terms of size, condition or amenities.”
Read the full article on how to find a home you can afford on Money.com.