My husband and I currently have a combined income greater than $100,000 a year, and we live modestly. We bought our starter home a little over 20 years ago, and we still live in it today! Our home is less than 900 square feet and it's located on less than a 1/4 acre. We have wanted to upsize for nearly 10 years, but due to current mortgage rates, shifts in the real estate market, and the rising costs of property insurance, property taxes, and basic necessities to live, we feel financially stuck in our starter home. If we were renters or first time home buyers, we could not afford to rent our home or buy it at current market rates/prices. That is a disheartening realization.
— Kim B., FL
homeowner