4 biggest barriers to homeownership and how to overcome them!
By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
In a recent poll completed by the National Association of Realtors there were 4 main barriers that were stopping homebuyers from successfully becoming a homeowner. Increasing home prices, rising mortgage rates, lack of available homes and difficulty raising enough funds for a down payment were those 4 main reasons for over 75% of the respondents. With the Spring 2024 home buying season almost upon us, I wanted to give you some great ways to counteract each of these barriers and get on the road to homeownership.Increasing Home Prices - Home prices have been increasing for a while now but they really took off after the pandemic. The unique thing we are seeing is that prices are still going up even though the overall number of home sales are going down. When home sales go down, you usually...
Comments
4