You started shopping with a specific mental image of your future home in your mind. Then the houses in your budget came in smaller than you pictured.
That’s the reality for a lot of buyers right now. Affordability is tight.
But don’t let that discourage you. Going smaller might actually be a smart play in today’s market – and the upside can be bigger than you'd think.
If you’ve always assumed a newly built home is just not in your budget, you should know the math just got a little friendlier.
It’s one of the biggest hold ups some buyers have right now: “What if I buy, and home prices go down?”
For a lot of would-be first-time buyers, affordability is the thing that’s standing in the way. But some buyers are getting creative and finding a way to still make the numbers work – and that’s through co-buying.
For many, county-assessed property values jumped sharply—far beyond what they expected. In some neighborhoods, increases were dramatic enough to spark real concern over future tax bills. Now, a proposed bill in the North Carolina General Assembly may temporarily change that outcome.
