The lack of homes for sale is driving prices higher, just as millennials are getting ready to buy their first homes.  Stagnated earning power is a further complication, as wage growth continues at a snails pace.  These are more good reasons for solid mortgage planning – call me to get started on your loan preapproval, and we can discuss strategies to help get you into your first home.

https://www.msn.com/en-us/money/realestate/real-estate-economist-home-prices-are-increasing-twice-as-fast-as-income-growth/ar-BBKagnM?li=BBmkt5R&ocid=spartandhp

 

Home Prices Are On The Rise