Why Buying a Home Feels Impossible Now

Thinking about buying your first home? You’re not alone in feeling stuck. Only 1 in 4 homes are going to first-time buyers these days, down from half in 2010! Even though there are more houses sitting unsold, prices and mortgage rates just won’t budge. Many homeowners are hanging onto their low-rate deals from the pandemic, so fewer are selling. If you’re feeling priced out, you’re in good company—lots of folks are choosing to rent instead. Hang tight, the market’s still in a deep freeze! #HousingMarket #FirstTimeBuyer #MoneyTalks #RealEstate