Interest rates are still elevated. Prices haven't really come down. Insurance costs are through the roof — literally, because of all the hail and storm claims.
But rent keeps going up too. And at least with a mortgage I'm building equity instead of making my landlord rich.
First time buyer, household income around $110K combined. We can technically afford a $350K house but it would be tight. Is it worth stretching or should we keep renting and saving?
Actual homeowners: what do you wish you'd known before buying in Texas?
Factor in ALL costs not just mortgage. Property tax, insurance, HOA, maintenance, and the stuff that breaks. My first year I spent $8K on things the inspection missed.