Buying a home is a major financial commitment. According to the U.S. Census Bureau, 63.7% of Americans own their homes. That’s down from 69% in 2004. There’s no magic alarm that alerts you when it’s the right time for you and your family to buy a home. No matter how many times you crunch the numbers or visit open houses, it can be difficult to make the leap. And here’s the thing: being a homeowner might never be for you.
Still, there are some indications that you might be ready to buy a home and they have less to do with the overall housing market and more to do with your personal financial situation.