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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×