Home Prices Fall, Rates Drop BUT Down Payments STILL Block Buyers!
Did you know that even as home prices slightly decrease and mortgage rates drop, the dream of homeownership remains out of reach for many? While national home prices are virtually flat year-over-year, and the average 30-year fixed mortgage rate has fallen significantly from its peak, a substantial hurdle persists for first-time buyers. Saving for a down payment is proving to be the most challenging obstacle, overshadowing the benefits of lower rates and easing prices. This financial squeeze means that despite some improvements, the path to owning a home is still incredibly difficult for aspiring homeowners. Subscribe now for more insights into navigating the housing market!
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