How long is this unrealistic housing market going to last. H

Keep saving, be frugal, talk to a mortgage broker to see what you need Tom om o qualify for a loan. A lot of times they will be willing to help you plan for the future in the hopes of selling you a mortgage. Think positive!!!

I agree, talk to a mortgage agent. You can probably qualify for an FHA mortgage that only requires 3.5% down, and depending on the location of the house, you may be able to get USDA financing, that is 100% financing.

Make sure the mortgage agent is licensed for government insured mortgages. If not, they won't tell you about them

In some areas, states and municipalities offer grants to cover down payment and closing costs. The programs in Maryland forgive the grant if you live in the house for at least 5 years.

BTW, a good Realtor will know about your mortgage options and can recommend a good good broker.

If you are young, have a good job and good credit ... you can always buy a fixer-upper in a nice neighborhood and make it into your dream home. It will take time but with patience ... in the long run it will be worth it.

Live within your means, and save as much as you can. No $100 Sunday brunches every weekend, limit the movies, get a cheap home subscription instead, eat out for special occasions only, limit happy hour outings with friends, shop less, etc. Shop around for a knowledgeable estate agent and broker - crunch the numbers know what things really cost, not just a guess. In most major metropolitan markets, prices are only going to go up. See what programs you may qualify for, do your homework, i.e. internet searches. Educate yourself in the real estate market you plan on living in, around or near. It can be done and so very worth it in the long run. You can do this.

Furst-time homeowner loan such as FHA which require minimal down payment.

Look up "Dave Ramsey" on the internet for solid advice on this and more.