Is there any hope for first-time home buyers in this era of sky-high home prices, high interest rates and rising costs of home ownership…or are they doomed to be forever renters due to the housing affordability crisis? Housing affordability in the US real estate market is a spiraling problem without a quick or easy answer. It’s pushing home ownership further and further out of reach for many people creating a larger divide between the haves and have nots. However, there is one thing buyers can control, and it might be the very force that eventually reshapes the population demographics of the United States and pushes would-be homebuyers to states with more affordable home options.
Are First-Time Home Buyers Doomed? Home Prices…A Force That Will Reshape The US?
Emily Farber
Published on November 8, 2024
