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First Time Home Buyer, Home Shortage, HomeBuyers, Real Estate, Real Estate Blogs, Real Estate Education
First-Time Homebuyers are Facing a Starter Home Shortage
Lack of “Starter Homes” in the U.S. Makes First-Time Homebuying Difficult Post from our Partners at the CE Shop dated 2/13/2022 It’s hard for first-time homebuyers in this housing market — in recent years, they’ve faced ultra-high home prices, record-low inventory, and more recently, rising mortgage rates. Some first-time homebuyers might be feeling frustrated or discouraged, and as a real estate agent, it’s your job to help them through the process. But how did we get here? In this blog, we’re going to explore what experts say is one of the major barriers to homeownership: the lack of available “starter homes.” What Is a “Starter Home”? There’s no one…
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Sorry, Homebuyers: This Seller’s Market Is Sticking Around
From the CE Shop Team – January 17, 2022 As we wrapped up 2021, a year marked by soaring home prices and incredibly low inventory, many prospective homebuyers likely felt frustrated by the state of the ultra-hot housing market. Now, as we look into 2022, many might be wondering: Will the housing market finally calm down? Well, maybe — but it will remain a seller’s market, experts say. Here’s what Realtor.com predicts: “…The market will continue slowing down from the frenzy seen in the spring [of 2021] when prices shot up to new heights. However, prices will stay high, inventory will remain tight, and mortgage rates will rise. “The bottom line: Even as…
