The housing market today is very different than it was 15 years ago. Interest rates on mortgages are much lower, making it easier for people to borrow money to purchase a home. Home prices have also increased significantly in many areas, and in some places, they have nearly doubled. The availability of home financing options has also grown, allowing more people to qualify for loans. Homebuyers also have access to a variety of online tools, such as mortgage calculators, to help them make the best decisions. Finally, buyers have an array of different types of homes to choose from, including condominiums, townhouses, and single-family homes.

Bottom Line

Today’s housing market is nothing like the real estate market 15 years ago. If you’re a buyer right now, this may be the chance you’ve been waiting for.