• calendar_month January 3, 2025
• folder Buying

The journey of buying a home has evolved dramatically over the past 30 years. In the 1990s, purchasing a home was simpler in some respects but came with its own challenges. Home prices were significantly lower, but so were wages, making affordability a persistent issue. Interest rates were much higher, often hovering around 9% or more, compared to the historically low rates in recent years. Buyers needed substantial savings for hefty down payments, and options for financial assistance were limited.

The process itself was slower and more manual. Prospective buyers relied on newspaper listings, word-of-mouth, and in-person visits to discover properties. The Internet was in its infancy, and online property searches didn’t exist. Financing required lengthy paperwork and in-person bank visits, with fewer lending programs available.

Today, technology has revolutionized the home-buying process. Online platforms make it easy to browse listings, compare prices, and even tour homes virtually. Financing options have diversified, making homeownership accessible to more people. However, modern buyers face steep home prices, competitive markets, and rising interest rates.

As a real estate professional at JohnHart, I understand these evolving dynamics and am here to guide buyers through today’s unique challenges, offering expertise and solutions tailored to your needs. Contact me today to see if buying a home is the right move for you! Let me help you find your dream home.