Sara Musick has a master's degree in human development and family studies. She also has student loans and a car payment, and works at a nonprofit, Girls Inc.
So she's living at her parents' house, in the bedroom she grew up in, while she saves up "for a house that is less than $100,000 and not considered a fixer-upper," the Bristol Herald Courier's James Shea reports.
Musick figures she can afford a mortgage payment of about $400 a month. Her agent, Lori Cross Hobson, of Heritage Homes in Bristol, Va., has tried to talk her into a townhouse. But Musick is determined to buy a house.
Wise real estate agent Linda Ratliff tells Shea that there are not enough homes available that are affordable to first-time homebuyers. The market for houses priced between $75,000 and $150,000 is strong, but Ratliff says it's harder to move homes that are listed for more than $200,000.
Musick has looked at nine or 10 properties, and says she's "getting a little exhausted at this point." Source: tricities.com.