By: Christina Bieleski – January 10, 2018The real estate market in the United States has been in a tailspin for the past year or so.
While the markets upticks have been solid, the stock market has suffered a major drop.
With so many people unable to afford to purchase real estate due to a lack of options, many are turning to alternative forms of income.
While it is true that the stock bubble was an issue in the U.S., it is the housing market that is having the most serious impact on the economy right now.
While many people have been losing their homes in recent years, the price of a home has never been higher.
In fact, in 2017, a median home price reached $1 million in some markets.
In 2016, a house sold for $1.2 million in San Francisco.
If you are looking to buy a home and have a reasonable income, you might want to consider purchasing in an affordable market.
The problem with a low-income home is that the house is often a liability.
You can’t afford to pay down the mortgage and make payments on your student loans.
When you pay down your student loan, you are likely to have a higher debt load.
In addition, the monthly payments for your mortgage will increase as well, and that can lead to higher interest rates and higher interest payments.
In the last two years, we have seen this happen in some states.
Many students were forced to take out student loans due to an overhang in their student loan balance.
With a lack in options, students are more likely to be stuck in a debt trap and unable to find an affordable home.
Real estate prices are also at a record low in the nation.
This is not to say that prices are rising, it is more of an indication that the market is in a recession.
While home prices have been rising, they have been at an unsustainable level.
According to real estate data provider RealZoom, home prices in 2018 have reached their lowest point in nearly 50 years.
According the National Association of Realtors, the median price of single-family homes fell 6.2% in 2018 to $1,619,200.
If the trend continues, the NAR will report that the median home will be at $1 Million in 2020.
That is down from $2,942,900 in 2017.
With that amount of money in your pocket, you can afford to buy an average home in the country.
The Bottom LineWhile the stock markets are up and home prices are at an all-time high, it does not mean that you will be able to afford a home.
It is a fact that the price can be more expensive than the income that is necessary to purchase the home.
The problem is that many people are unable to buy homes due to the housing bubble.
If a home is not affordable for you, you should consider other options for your income.
In many cases, a combination of paying down your mortgage and paying down student loans can lead you to a lower debt burden and more financial security.