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First Time Buyers Face Challenges

Many first-time buyers are starting to feel like they just can’t catch a break. The continued limited inventories of homes for sale in the entry-level market and a number of other factors are pressing harder on first-timers who are trying to break in to home ownership. Read more: Trump Puts a Halt to FHA Mortgage Cuts “Constrained inventory in many areas and climbing rents, home prices, and mortgage rates means it’s not getting any easier to be a first-time buyer,” says Lawrence Yun, the chief economist for the National Association of REALTORS®. “It will take more entry-level supply, continued job gains, and even stronger wage growth for first-timers to make up a greater share of …
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