State of current Real Estate Market
The Real Estate Market hasn't been easy for First Time Home Buyers 🏡. They are facing many challenges starting from:
- Higher rates 7 - 8%. (If you worry about high rates, message me "3% LOWER" to learn a strategy on how to get a lower rate in this market)
- Lower Inventory in most areas of US
- Institutional investors like BlockRock, Vanguard... aiming to turn the US into a renter nation. "You will own nothing and will be happy," they say
- Rent continues to go up
So for the common folk to come up on top, they need to be shrewd with their finances.
- They might need to work on professional skills to earn more.
- Watch their spending
- Aim to save more money for investment opportunities
- Buy real estate the right way
- Consider Househacking strategies or buying Multi-family properties
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