Just when first-time buyers started entering the market again, heavy demand for low-priced homes accelerated their prices, MSN Money reports.
That’s just one of the many roadblocks first-time buyers will face this spring on their path toward homeownership. Supply is low in many hot markets where the jobs are, such as Denver and the Bay Area.
There is also the looming rate increase, which one exec says will slowly sneak in without warning, as well as the continued depletion of many Millennial’s savings due to rising rents and student debt payment.
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