Trends
How should home buyers shop the payment, not the peak price?
Mortgage
Budget Decor
Home Office
Traditional
Lighting
Answer
Home buyers should focus on monthly payment affordability rather than headline home prices, given current high mortgage rates. Utilizing rate buydowns and builder incentives can reduce effective borrowing costs by fifty to one hundred basis points, lowering monthly payments. Being selective in submarkets with oversupply allows buyers to negotiate credits and closing cost assistance, making homeownership more affordable despite sticker prices. Shopping this way ensures sustainable budgeting in today's rate environment.
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