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<a href="https://www.businessinsider.com/category/the-road-to-home"></a><div type="image" title="The Road to Home, Home surrounded by question marks and dollar signs" height="1251" width="1667" msid="92550539" hostid="261" sizebytes="23598"></div><ul class="summary-list"><li>Buying a home is so traumatic that the process makes half of Americans cry, <a href="https://www.businessinsider.com/buying-home-making-half-americans-two-thirds-gen-z-cry-2022-6">a Zillow survey found</a>.</li><li>Rising mortgage rates, scant inventory, and soaring home prices are hard for house-hunting hopefuls.</li></ul>For many, the hottest pandemic purchase has been a house. In 2020 and 2021, record-low mortgage rates and newfound <a href="https://www.businessinsider.com/in-war-over-work-from-home-remote-wfh-is-winning">work-from-home</a> flexibility turbocharged demand for housing, resulting in astronomical price increases and seemingly endless bidding wars.Driven by the desire to be near family or enjoy <a href="https://www.businessinsider.com/where-people-moved-pandemic-austin-the-villages-myrtle-beach-2021-6">a lower cost of living</a>, homebuyers snapped up primary residences and second homes <a href="https://www.businessinsider.com/where-people-moved-fastest-growing-american-cities-florida-utah-texas-2021-8">seemingly everywhere</a> — from cities to spacious suburbs to popular vacation spots.But, more recently, many people are being boxed out of homeownership as the market gets more cutthroat. The competition hasn't let up, judging from home prices that <a href="https://www.businessinsider.com/home-prices-wont-come-down-millennials-cant-afford-homeownership-2022-6">have kept increasing</a> through the first five months of 2022.The bum rush for properties is occurring even after sharp spikes in the average 30-year mortgage rate, which reached 5.81% as of June 23, <a href="https://www.freddiemac.com/pmms">according to Freddie Mac</a>.The good news for potential buyers is that fewer people are now searching for a home, <a href="https://www.businessinsider.com/housing-supply-rises-not-enough-to-push-prices-down-2022-5">creating more options</a> for those with a bit more flexibility on cost.Still, it's rough out there: the monthly cost of owning a single-family starter home has surged above the cost of renting one, according to a <a href="https://www.realestateconsulting.com/demand-shifting-from-owning-to-renting/">May report from real-estate consultancy John Burns</a>.The <a href="https://www.businessinsider.com/personal-finance/renting-vs-buying-a-house-2022-3">buying vs. renting calculus</a> is tough. Let us help: Insider has developed a quiz to help you determine if now is the right time for you to buy a home.Below, plug in your ideal home size, dream home location, and annual income. Select your credit score — there are <a href="https://www.businessinsider.com/personal-finance/how-to-check-your-credit-score">several free ways to check it</a>. Jot down your monthly debts, which means how many dollars per month you pay out for recurring charges such as student loans or auto leases.Then see whether prevailing personal-finance advice recommends that you buy — and what your monthly mortgage payments would look like if you do.Fare thee well.Zillow provides real-time mortgage rates. Redfin provided regional home-price data by property size as of May 2022.Taylor Borden contributed to an earlier version of this quiz.

Can you — or should you — buy a house right now? Take our quiz to find out if rising rates and soaring prices will squeeze you out of your dream home.

<a href="https://www.businessinsider.com/category/the-road-to-home"></a><div type="image" title="3 red flags on red background 4x3 border" height="1250" width="1667" msid="87211092" hostid="261"></div><ul class="summary-list"><li>Housing-related <keyword id="43748" type="UNKNOWN" weightage="60" keywordseo="discrimination" source="Orion">discrimination</keyword> based on race, gender, sexual orientation is all too common.</li><li>Both appraisers and realtors have been accused of changing or adjusting their behaviors. </li><li>Here are a few ways to tell if you're being discriminated against.</li></ul>Homeownership - made ever more attractive <a href="https://www.businessinsider.com/should-i-buy-a-house-right-now-2021-4">this past year</a> because of the rise of remote work and record-low mortgage rates - has long been regarded as the fastest path to wealth and the <a href="https://www.businessinsider.com/good-time-to-buy-house-rising-home-prices-gallup-poll-2021-5">ultimate representation</a> of the American dream.It is, however, more difficult for some Americans to pursue that dream than it is for others.In the 20th century, discriminatory practices like <a href="https://www.businessinsider.com/how-redlining-kept-black-americans-from-homeownership-and-still-does-2020-6">redlining</a> helped the white middle class build home equity while most others missed out, as Andre Perry, a senior fellow at the Brookings Metropolitan Policy Program, told the US House of Representatives in February <a href="https://www.brookings.edu/wp-content/uploads/2021/02/WrittenTestimony_APerry_2.24.21_Final.pdf">testimony</a> about racial disparities in homeownership.Today, "the most insidious forms of discrimination that were once supported by federal policy are now illegal," he said. But the long-lasting effects of those policies are still <a href="https://www.businessinsider.com/race-real-estate-wealth-gap-housing-redfin-black-americans-2020-11">apparent</a>, and discrimination is still something many house hunters have to grapple with.As a house hunter, it is your right to find a property without fear of discrimination based on race, religion, sex, familial status, and more. But Perry said personal biases of "individual appraisers, realtors, and lenders" could still affect your search.It is "particularly hard to tell" whether you've been discriminated against when it comes to <keyword id="11916125" type="UNKNOWN" weightage="60" keywordseo="housing" source="Orion">housing</keyword>, the civil-rights attorney Alanna Kaufman said. It can be as discreet as a realtor describing one neighborhood as more of a cultural fit for you over another.Trust your gut: If you feel something is off during your house hunt, it very well might be. The best advice in confronting housing discrimination is to "pay attention, ask questions, take notes, investigate, and seek legal counsel," Kaufman told <a href="https://www.investopedia.com/housing-discrimination-what-can-you-do-5074478#citation-4">Investopedia</a>.If you suspect you're being discriminated against for any reason, you can file a complaint with the US Department of Housing and Urban Development's <a href="https://www.hud.gov/fairhousing">Fair Housing and Equal Opportunity Office</a> and reach out to a local fair-housing center to take legal action.Housing discrimination can take numerous forms, including harassment and intimidation. Here are the two most prevalent - and sometimes more covert - forms of discrimination to watch out for:<h2>Realtors using coded language</h2>"If you feel a person is trying to direct you to certain neighborhoods with certain races or religions, that could often be a flag," Kaufman said. The Department of Housing and Urban Development refers to this kind of realtor activity as "steering."For instance, you could meet with a real-estate agent to discuss house hunting and list a few neighborhoods of interest. That realtor may then try to show you homes in different neighborhoods under the guise of you "feeling more comfortable." While visiting those suggested homes, you may notice the neighbors share your ethnicity or religion.Seemingly harmless statements like "This house and neighborhood don't seem like the right fit for your family" or "Don't you want to live somewhere where more people speak Spanish, like you?" are also forms of steering. <a href="https://www.fhcmichigan.org/what-we-do/common-signs-of-housing-discrimination/#.YT-qIp5KiLo">The Fair Housing Center of Southeast &amp; Mid Michigan</a> even tells community members that housing discrimination like this often comes with "a smile and a handshake."Recognizing those behaviors can help you combat discrimination, Kaufman said.<h2>Mortgage lenders and home sellers immediately waving you off</h2>Discrimination stemming from realtor biases is not the only kind to look out for. Receiving an immediate denial from a mortgage lender could also be cause for concern.On its website, HUD provides the example of a couple being denied a mortgage because one partner is pregnant. In the example, the loan officer asks the couple whether the pregnant woman will take maternity leave. When she says yes, the loan officer denies the loan and says, "I've seen too many women change their mind about going back to work." The situation would be considered discrimination based on sex and familial status. It also extends to ultimately being offered a loan but under nonstandard terms.Similar to the lender example, home sellers refusing to entertain your competitive offer could also be discriminatory. If you reach out about a home and are immediately told the home isn't available even though you are financially prepared for the property, you should question the denial from the property sellers and "see if the home is still on the market," Kaufman said.Another form of this is having the availability of housing change from the time of initial contact by phone or email to the time of an in-person visit. Kaufman said she saw this variety of discrimination most frequently.

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Can you — or should you — buy a house right now? Take our quiz to find out if rising rates and soaring prices will squeeze you out of your dream home.

Kelsey Neubauer,Andy Kiersz,K…

How to know when you're being discriminated against while trying to buy a house

Taylor Borden

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