By the way, the lending standard is tightening. So if you don’t have 20%+ down, good credit score etc, you theoretically will be “priced out forever” soon.
I think it’s a big misconception. “Tightening lending standards” only apply to private lenders. Government is doing the opposite. You can get a FHA loan of up to $625,000 with 3% down, credit score of 660, and 45% gross DTI ratio. That does not qualify as “tightening” for me.
