How Rising Home Prices Impact Your Buying Power

One way to manage this is by exploring different financing options. Adjustable-rate mortgages (ARMs) might offer lower initial rates, which can be helpful if you plan to move or refinance within a few years.

There are also down payment assistance programs that can help reduce the upfront costs. It’s important to look at all aspects of affordability, including property taxes, insurance, and maintenance costs, rather than just the purchase price. Our goal is to help clients find the best path forward, balancing current market conditions with their personal financial goals.