Buying a home in this real estate market “feels impossible” right now and even real estate entrepreneur and “Shark Tank” star Barbara Corcoran isn’t afraid to say it.
With mortgage rates hovering around 6.60% as of press time and home prices still high (and growing, Realtor.com predicts a 3.7% increase in 2025) it’s no secret that buying a home in 2025 is “tough,” Corcoran says.
Home prices are just the beginning, too, as there are many other hits to the wallet when buying a home, including insurance, HOAs, rising property taxes (up in every U.S. metro area), and home maintenance costs. Mortgage insurance fees (for those making down payments less than
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