Dreaming of buying a home but feeling priced out? You’re not alone! A large percentage of U.S. adults feel affordable homeownership is not an option for them. In fact, according to a recent survey by Bankrate, 78% of aspiring homebuyers cite affordability issues as their primary deterrent.
Continue reading 5 Roadblocks to Affordable Homeownership:
It’s not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low. Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids.
Continue reading First-Time Homebuyer? How to Make It Work