Time to show what you know.
A bit of good news for American home hunters: The supply-demand imbalance is narrowing, and mortgage rates have fallen.
ABC / Via giphy.com
Despite these small wins, buying a home is still unaffordable to many in the US. Home prices are up, and mortgages are still up $245 a month from one year ago. Plus, the coronavirus pandemic has caused especially difficult financial hardship. While this has lessened from its peak in December 2020, around 28% of Americans still struggle with expenses as of July 2021.
With these financial hurdles in place, you have to not only have money for a down payment but also the savviness to navigate home-buying finances. So how much do you know about home buying? Take the quiz and find out!
BuzzFeed Daily
Keep up with the latest daily buzz with the BuzzFeed Daily newsletter!
