Challenges for First-Time Homebuyers in the US
First-time buyers in the US face a tough market with high prices and fierce competition, making homeownership increasingly difficult. The American Dream of owning property is challenged by soaring house prices, housing shortages, and tight mortgage credit.
Key Points
- American first-time buyers face fierce competition and high prices
- Housing shortage and restrictive zoning contribute to affordability issues
- Tight mortgage credit and student loan debt make it harder for young buyers to save for a down payment