Sunday, March 25, 2018

2018: A Tough Year for First-Time Buyers

A new set of problems...

Looks good, but should we do it?

Taking the step to buy your first home may feel like a leap -- across a canyon, Jen Miller reports on nytimes.com.

You will probably be spending more money at once than you have ever spent in your life, and committing to spend even more money you don't have, all while becoming responsible for something that won't necessarily love you back, Miller wrote.

To make matters worse, 2018 presents a new set of problems for rookie home buyers: a new tax law whose full effects have yet to be felt on homeowner taxes or property values; record low inventory; tough credit, and rising mortgage rates, she added.

So, should you make the leap?

For more:  https://mobile.nytimes.com/2018/03/23/realestate/2018-a-tough-year-for-first-time-buyers.html

Photo: Pinterest.
Next time on The Allen Report:
The Acupuncture Vet.

1 comment:

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