For US folks, is right now a good time to buy a house? (lemmy.world)

submitted 1 day ago by Suck_on_my_Presence@lemmy.world to c/asklemmy@lemmy.world

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Since the election I've kinda buried my head in the sand to try and stay sane, so I'm not sure what projections are looking like for the real estate market. Unfortunately I need to move pretty ASAP and I'm having the worst luck with rentals.

So, anyone have any advice or an idea of the outlook in the next few months?

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[-] thesohoriots@lemmy.world 3 points 1 day ago

The caveat is that “circumstances were right” meant a sizable down payment among other things. Without the down payment, a mortgage would have approximated rent at the time. I was at the end of a lease though, and the jump to renew in a craphole apartment was enough to tip the scales. Bills are approximately the same, thankfully. I did take a hit on convenience in location, but the house was a tremendous deal.

this post was submitted on 27 Dec 2024

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