How to Become a Homeowner on a First-Time Buyer’s Budget
Monday May 1st, 2023
ShareIts not easy being a first-time home buyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgag 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.2 As a result, many first-time home buyers are finding that... [read more]
