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Posted on August 15, 2014 - 01:01 PM
by john kavazanjian
One thing about markets, they are constantly changing. This is also true in the real estate market. We have seen for a while that the current conditions are challenging to the first time home buyer. I do not have any indication that this will change in the near future.
It does mean you have to be more creative if you want to buy a home. There are ways you can be successful in achieving your goals.
I do believe a lot of potential first time homebuyers just give up. I also think this is a major reason the rental market continues to be tight. By that I mean fewer amounts of inventory and raising prices.