Making Money From Home

Save Your Money And Buy A Home When The Real Estate Market Cools You can better prepare to buy a home while you wait for the real estate market to cool. getty Waiting for the real estate market to cool down before buying a home? There are ways to stay financially prepared. I moved to Charlotte, North Carolina from New York City, almost a decade ago for one primary reason — home affordability. Since then, I've bought two and sold two homes in Charlotte, and went back to renting while I wait to make my next home purchase. Except now feels like the worst time to be a home buyer since Charlotte was dubbed 2023's hottest real estate market by Zillow. The National Association of Realtors reported the U.S. median existing home price fell 12.3% from the record high of $413,800 in June 2022 to $363,000 in February. It's a sign that the market is cooling, but far from feeling affordable for most locals. Instead of rushing to buy an overvalued asset, here are five sma