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What’s Stopping First-Time Home Buyers?

What’s Stopping First-Time Home Buyers?

Why Not Buy Your First Home? Not enough saved for a down payment My credit score The coronavirus pandemic Low income Lack of available homes within

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Why Not Buy Your First Home?

Not enough saved for a down payment

My credit score

The coronavirus pandemic

Low income

Lack of available homes within my budget or in preferred area

Current economic climate

My current amount of debt

Lack of affordable homes near work or in preferred school district

Local housing market too competitive

I believe it’s more affordable to rent than buy

I believe mortgage rates will be lower in the future

Other

Source: | This article originally belongs to Nytimes.com

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