We Asked Recent Buyers About the Compromises They Made to Buy a Home — And They All Said the Same Thing
“The increased interest rates have made things much less affordable for buyers, and many buyers can’t afford to buy what they could have two years ago; or, they have to buy a completely different property, such as a condo or townhome,” says Cara Ameer, a bicoastal agent with Coldwell Banker, covering the Southern California and Northeast Florida markets. Of current home shoppers with a budget of less than $500,000, 20% of them are looking at condos/apartments, 15% are interested in townhouses, a...