If you’re planning on buying your first house in 2024, you should be aware that home prices are higher than they were a few years ago.
If you’re planning on buying your first house in 2024, you should be aware that home prices are higher than they were a few years ago. Because of this, you may have to save for a significant down payment. The traditional 20% is ideal as it avoids Private Mortgage Insurance (PMI), but there are programs available that allow for lower down payments if this isn’t feasible.