Infographics | The HousingCoach

Achieve Your Dream of Homeownership with Condos and Townhomes [INFOGRAPHIC]

If you’re trying to buy a home but are having a hard time finding something in your budget, here’s something that can help: consider condos and townhomes.
They may better fit your budget, can help you start building equity, and tend to require minimal upkeep and less maintenance.
Looking at condos and townhomes can make it easier to find and buy a home. When you’re ready, connect with a local real estate agent.

In today’s housing market, you can still come out on top if you have the right team and plan.
To win when buying a home, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd.
Connect with a local real estate agent today to make your winning move.

Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry.
If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened during the crash.
If you’re worried about a flood of foreclosures, the data shows a foreclosure crisis is not where the market is today and is not where it’s headed.

Home affordability depends on three factors: mortgage rates, home prices, and wages.
Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.
That’s good news if you want to buy a home because it means affordability is getting better.

Buying a home is a big deal and can feel especially complicated if you don’t know the terms used during the process.
If you want to become a homeowner this year, it’s a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when you buy a home.
Connect with a local real estate agent so you can get expert help with any questions you have.

If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.
Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years.
If you’re worried about falling home prices, don’t be. Many experts forecast they’ll keep rising for years to come. If you have questions, ask a local real estate agent.