With high prices and mortgage rates, aspiring and current homeowners feel ‘stuck'
Publishing timestamp: 2024-07-13 09:05:12
Summary
High home prices and mortgage rates are making it difficult for aspiring first-time buyers to enter the housing market, leading to a sense of being stuck and unable to achieve the American dream of homeownership. Affordability has decreased sharply compared to previous years, with high mortgage rates and rising home prices creating challenges for both buyers and sellers. The current housing market environment has created generational differences in homeownership and requires adjustments in expectations for younger generations.
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Keywords: investment strategy, breaking news: markets, zillow group inc, fort worth, breaking news: economy, economy, stock markets, real estate, personal finance, economic events, breaking news: investing, markets, housing, business news,
Source: https://www.cnbc.com/2024/07/13/with-high-prices-and-mortgage-rates-homeowners-feel-stuck.html