Quote:
Originally Posted by vintageogauge
Then they are looking out of their price range. One of my granddaughters and husband just bought their first home and got the keys for it on Saturday. They had no trouble getting a loan and finding a home, he is an engineer and she is a school psychologist both 27 years old, they looked at a price range that they could easily afford and had a choice of several homes that they liked. 3% will never come back so those needing mortgages should go after one before it goes even higher.
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Problem is, there is noting IN their price range in the greater Arlington, VA area...
Tear downs are selling for over half a million... That's what the dirt is worth...
I haven't a clue as to where your granddaughter lives... But yes, there are other areas in the country where housing is most certainly more affordable.