Hunting for a Home? Consider These Financial Factors

From low inventory to higher prices and climbing interest rates, the housing market nationwide continues to present challenges for individuals and families as they home hunt.

“With so many market factors beyond buyers’ control, it’s vital to keep emotions in check and focus on those things you can control while looking for a house,” said Jessica Ferastoaru, a housing specialist with Take Charge America, a nonprofit credit and housing counseling agency. “With some patience, diligence and flexibility, you should be able to find a home you love without sabotaging your financial security.”

Ferasto...