There are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator.
Competition looks into the level of demand in an area or how many buyers are on the market for a home. But, to compare counties with one another, it is important to consider the index rank as"ranks provide context to the scores," said Joe Murphy, a data editor at NBC News who co-created the index. "Spend more time getting your finances in really good shape," said Jacob Channel, a senior economist at LendingTree."It's very important, especially when you're making a six-figure purchase, to really take your time."Your credit score helps measure how creditworthy you are as a borrower, said Hale.
"And you can't do a full mortgage application until you have a specific property that you want to buy," she said.