Last year marked a 40-year low for entry-level home affordability, causing significant challenges for prospective homebuyers, especially first-timers, according to analysis by Ivy Zelman.
Despite some improvements in mortgage rates and home prices, the real estate market still faces substantial hurdles and potential disappointments for homebuyers in 2025.
Historically, Ivy Zelman's insights have been reliable. Her warnings about the housing bubble and increased insurance costs have proven prescient, making her forecasts notable for the future.
The decline in first-time homebuyers, comprising less than a quarter of sales, underscores the difficulties that younger generations face in today's challenging housing market.
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