Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $358,968 in January, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of February 19, the 30-year fixed mortgage rate sits at 6.01%…