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return2ozma@lemmy.world to News@lemmy.world · 21 days ago

Many first-time homebuyers are pushing 40 as millennials wait in vain for a better market

www.nbcnews.com

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Many first-time homebuyers are pushing 40 as millennials wait in vain for a better market

www.nbcnews.com

return2ozma@lemmy.world to News@lemmy.world · 21 days ago
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“It’s likely going to be just as difficult to buy next year as it is this year,” Redfin’s top economist warns, with steep prices and mortgage rates keeping young buyers on the sidelines.
  • jordanlund@lemmy.world
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    21 days ago

    First time buyer at 52 here… all it took was a heart attack forcing work from home a year before the global pandemic, then 2 more years WFH to bank $30K in cash for the minimal down on a $390K house.

    Mortgage is just over $2K a month, while the rent on our last apartment had been $1,800, is now $2,300.

    • turnip@sh.itjust.works
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      21 days ago

      Where are houses so cheap?

      • j0ester@lemmy.world
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        21 days ago

        Probably really down south… not enough jobs.

      • GrumpyDuckling@sh.itjust.works
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        21 days ago

        that’s kind of pricy near me and I live near a huge college town.

      • jordanlund@lemmy.world
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        21 days ago

        Portland. Filter capped at $450K.

        https://www.realtor.com/realestateandhomes-search/Portland_OR/price-na-450000

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