Home ownership is the key to wealth development in the United States. Record high home prices are distorting the real estate market such that many first-time buyers are unable to buy a home. A national average housing price correction of 10-20% may be in the offing, but inflation and rising interest rates will more than offset the benefit of lower prices to make housing more unaffordable. Potential first time buyers will need to be sophisticated, agile, and disciplined to position themselves for opportunities that may arise in what will likely be a volatile market in the next few years.
Real Estate and the First Time Buyer
Real Estate and the First Time Buyer
Real Estate and the First Time Buyer
Home ownership is the key to wealth development in the United States. Record high home prices are distorting the real estate market such that many first-time buyers are unable to buy a home. A national average housing price correction of 10-20% may be in the offing, but inflation and rising interest rates will more than offset the benefit of lower prices to make housing more unaffordable. Potential first time buyers will need to be sophisticated, agile, and disciplined to position themselves for opportunities that may arise in what will likely be a volatile market in the next few years.