0:52
Yemeni Mason breaks the U.S. housing market into three price tiers: under $500k, $500k to $800k, and above $800k. Buyers in the middle segments often overestimate the burden of a $500k to $700k mortgage, when it's actually manageable for many.
Yemeni Mason breaks the U.S. housing market into three price tiers: under $500k, $500k to $800k, and above $800k. Buyers in the middle segments often overestimate the burden of a $500k to $700k mortgage, when it's actually manageable for many.
So, you know, you have these 3 different segments of the market right now, right? You have the under $500,000, right? In most major metropolitan cities, you have, you know, between that half a million dollars to $800,000, which is usually right where, you know, you can start to now get a starter home or, you know, a decent-sized home in a, you know, nice neighborhood per se. And then you have that $800,000 plus which is, you know, your more, I guess, higher-ended homes, right? But, you know, the fact of the matter is a lot of people, because they're in that segment of the market, you know, they're very cautious to buy right now because they feel like, you know, taking on, you know, a half a million dollar or a $700,000 mortgage is, you know, going to be like putting a rope around their neck when in fact it's the opposite.
How to Qualify for your First Time Home Purchase #mortgagerates #homeownership
