Think it’ll be a good time to be a first time home buyer in about 6 months?

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There really is no way of knowing. I’m in a similar boat — was starting to look but I’m going to wait out another 6 months and see. Home prices are super inflated where I live and I think it’s gotta come down between this crisis and the inflated prices.

After 2008/2009, I found the lowest home prices around spring 2012 before they started going north again. Personally, I’m waiting and saving at least 6 months to 2 years before I pull the trigger.

likehelpful

Didn’t have to have that 20%. U can do 5% with a mortgage insurance about $100 a month. For some places, it’s still worth it

likehelpful

Indeed. Miami/ Fort Lauderdale would definitely be worth it.

Yes, as long as you’re relatively secure in your job and even if your deposit isn’t that big. I’d start looking at banks/comparing home loans and also start keeping tabs on house prices in areas you want to live in, or even in areas that were previously out of your budget, you might find something going for a good price.

helpful

Hope so 🤞

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no time like the present

Not enough for a down payment yet lol

In one year

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