The job market is at what economists consider full employment, home prices keep rising, and wages are showing signs of growth. Good news for real estate, right? If you’re a millennial hoping to buy your first home, maybe not.
- Inventory absorption and home prices are rising so fast that homebuyers -- particularly millennials -- are going over budget and turning to friends and relatives for down-payment help.
- Buyers are keeping their options open. Most first-timers and millennials simultaneously consider renting and buying.
- Buyers most value agents' help in guiding them through the overall buying process and leading contract negotiations.