10/30/2025
š” **Real Talk About Todayās Market vs. 2020** (ONLY 5 YEARS AGO!!!)
I recently spoke with a client about to purchase a home in my hometown of **Highland Park** for just over **$800,000**.
At todayās rate of around **6.10%**, with **20% down**, their monthly payment lands close to **$5,600** ā meaning theyād need an income of about **$240,000** to comfortably qualify.
Now hereās the eye-opening part š
That **same home sold in 2020 for $550,000**. With a 3.7% interest rate back then and 20% down, the monthly payment wouldāve been roughly **$3,400** ā requiring an income of about **$150,000**.
Thatās **nearly double the income** needed today for the same home⦠and letās be honest ā wages havenāt kept up at that pace.
š” The takeaway?
Itās becoming harder to āsave your wayā into homeownership. The smartest move is to **get into the market now** before it drifts even further out of reach.
š² **Letās chat about your options and build a plan that works for you.**
Real estate isnāt just about buying a home ā itās about building **long-term wealth** and securing your future.
š Call or message me today, and letās start elevating your future together!
Nazli "Naz" Lebowitz, REALTORĀ®
NJ RealtorsĀ® Circle of Excellence Sales Award 2024
Member of Mid Jersey Association of RealtorsĀ®
Member of NJ Association of RealtorsĀ®
Member of NJ REALTORSĀ®
Coldwell Banker Realty - Metuchen/Edison
The Berry Rodas Group
C (917) 539-4590
O (732) 494- 7700
https://www.instagram.com/nazlebowitz/