Money Experts Debunk 8 Myths About Buying a Home

Article by Andrew Lisa | GoBankingRates.com
​Featured expertise by Jason Gelios

The real estate market is changing fast. 

Sellers have been lowering their asking prices at the highest level since before the pandemic. Mortgage rates are closing in on 6% as the Federal Reserve works aggressively to fight inflation.

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The red-hot seller’s market that dominated the post-pandemic era is shifting, and buyers who have been waiting for a market correction might finally see their patience pay off.   

The last thing they need is misinformation to cloud their judgment and cost them money, yet homebuying myths are still as common and costly as they’ve ever been. 
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GOBankingRates asked the experts to call out the homebuying fictions that they see foil the most buyers. They named the myths that bother them the most — and explained the truth behind them.

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