It could be challenging, but not impossible.
When our parents (boomers) were about 30 years-old, they owned 21% of the national wealth.
Millennials at that point now only own about 6.5%.
If you weren’t able to buy a house before the 40% price increase over the past few years, there might be a way to go before you’re able to get back in.
Because we’re not going to see a 40% price drop, we’re going to see more of a 4-5% drop in 2023.
It’ll definitely provide some relief, but in the meantime keep positioning yourself to be able to buy when you’re ready.
Have questions about how to buy your first home?
Let’s chat. I’d love to help.
Your Palm Harbor Realtor,
The Fazzini Group | ReMax Realtec