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First-Time Homebuyer? How to Make It Work
![First-Time Homebuyer? How to Make It Work Pam Fraser Picture of a home with a rising sun behind it](https://i0.wp.com/pamfraser.com/hiliter/stuff/wp-content/uploads/2023/05/May-2023-MVP-Blog-Post-Image.jpg?resize=474%2C248&ssl=1)
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.
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