In 1989, you would pay right around $1,000/month for the median home. In today’s dollar value, that is just over $2000/month.
Reality is, today people are not paying $2000/month (which would have been keeping up with inflation). Because interest rates have dropped and new home prices have also dropped so substantially, a new home will $800 less/ month than what you would expect if you follow inflation. ...
Get ready to experience every emotion!
When you are going to get a mortgage, be prepared to be hit with tons of different things! Every state may be different, so if you are looking to buy a Home in Orange County, or a Home in Washington DC, then this checklist may change slightly.
First place to start is your realtor. Find one that you like and trust. They’ll have information for you which is worth...