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NJ Spotlight News | First-time homebuyers face high prices and interest rates | Season 2023

Last year, only 26% of U.S. homes sold went to first-time buyers
The video from PBS, titled "High Prices, Interest Rates Still Frustrate 1st Home Buyers," discusses the ongoing challenges faced by first-time homebuyers due to high home prices and rising interest rates. It highlights how these economic conditions are making it increasingly difficult for many to enter the housing market, with some potential buyers feeling discouraged and others resorting to creative financing solutions. The segment includes insights from real estate experts and personal stories from individuals navigating the current market, illustrating the broader impact of these financial pressures on the American dream of homeownership.

Read the Full PBS Article at:
[ https://www.pbs.org/video/high-prices-interest-rates-still-frustrate-1st-home-buyers-1679416631/ ]