Source: RisMedia —
Each June, as we celebrate National Homeownership Month, it gives us a chance to reflect on the importance of homeownership and the role that real estate agents serve in making the American Dream of homeownership a reality for their clients.
Homeownership is deeply ingrained in our culture as a symbol of success and financial stability that most Americans aspire to achieve.
But in today’s challenging market, low supply, tough competition, high prices and now, higher mortgage rates, are making that dream more elusive than it has been in generations. The struggle is especially acute for first-time homebuyers trying to enter the market who don’t have the benefit of home equity to invest in their next purchase. It is, without a doubt, one of the most difficult times in history to be a first-time homebuyer.