Monday, April 15, 2024

Washington Post: "Are you ready to buy a house? Take our quiz and find out"

"Homeownership is how many Americans accumulate wealth, and it’s an important life goal for millions. But affording a home is a growing challenge — if not out of reach entirely — for many people.

In the past three years, mortgage rates have more than doubled and are now at nearly 7 percent on a typical 30-year loan. And they are unlikely to drop significantly this year. Even those who can swing an all-cash purchase, experts say, still have plenty of other expenses to consider, including maintenance and insurance.

So, should you buy a home right now? To help you decide, take this quiz."
Continue to read the article and take the quiz (gift article link)

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