In a world where nothing is certain, the housing market became an even more terrifying uncertainty between 2007 and 2008 and beyond after the bursting of the housing bubble and the subsequent recession that sent our country (and a lot of the world) into a tailspin. Since then, many misconceptions, myths, falsities, and downright lies have made buying a home seem like an impossibility for most. The truth and the facts, as it turns out, are the exact opposite.
Many think that only people who make a lot of money can afford to buy a home but the fact is that if you make more than 25,000/ year, you absolutely can afford it! Do you think you need a great credit score to buy a home? Wrong. The truth is you only need a 580 to apply for a mortgage!
Another interesting tidbit is that the average age of a first time home buyer is 32 and a half. This infographic from the folks at Titlemax.com teaches the real facts about the real estate market and how possible it is for everyone to buy a house.
Originally posted 2016-10-08 09:08:35.