So how much are you paying in rent this week? Of the 145 new listings, 43 of them were homes priced under $500,000, which is still a lot of money.
But if you were a first time buyer right now with 5% down on a house that was $425,000, your mortgage payment would be about $2,600 a month.
And the difference between paying rent and buying is you’re building equity for yourself instead of for your landlord.
You might not think it’s time to buy, but maybe it is.
If you think so, contact us.
Watch the market update here