How are families with an annual median income of $65,000 able to afford a $500,000 home? This tells me the housing market in Hendersonville is very inflated and probably going to come down due to current inflation and crashing economy. Housing market in Hendersonville is a bubble and going to burst, if these numbers you've shared are true.
Some are selling their previous homes and using that equity as part of it, so their loan amounts are lower, this is just one example, there is many of other ways as well! I hope this helps. 👍
How are families with an annual median income of $65,000 able to afford a $500,000 home? This tells me the housing market in Hendersonville is very inflated and probably going to come down due to current inflation and crashing economy. Housing market in Hendersonville is a bubble and going to burst, if these numbers you've shared are true.
Some are selling their previous homes and using that equity as part of it, so their loan amounts are lower, this is just one example, there is many of other ways as well! I hope this helps. 👍