The real estate market in 2022 has seen a major shift as mortgage interest rates continue to go up with current rates as of June 2002 at over 6%. When factoring in the monthly carrying costs to buy and manage a home that are a lot of costs that are associated with it. First, if you are getting a mortgage you will have your monthly mortgage payment plus annual taxes and property insurance. If you are buying a home that's located within a formal association than expect to pay monthly association dues on top of everything else. As you can see these various costs quickly add up which is way some home buyers specifically lookin for homes with no HOA (homeowners association dues).
Homeowners association dues will vary depending on the community you live
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