Challenges for First-Time Homebuyers

2016 is shaping up to be a challenging year for first-time homebuyers. According to, in 2015, the percentage of owner-occupied home sales was 63.2%, the lowest level since 2011 . The surge of well-funded, experienced investor purchasers has increased demand in certain markets, driving up prices and increasing competition for lower-prices homes. Many prospective first-time buyers are finding it more difficult to buy, as their offers are not as competitive as those from investors who offer all cash, higher earnest deposits, and no contingencies. Fortunately, there are a few areas where first-time homebuyers can be competitive in. Find a Realtor who specializes in first time home