The landscape for first-time home buyers has shifted dramatically in recent years. According to the National Association of Realtors, first-time buyers now represent only 24% of home purchasers, a historic low. The median age of these buyers has risen to 36 years, indicating that many are entering the market later in life. Factors contributing to this trend include escalating home prices, higher mortgage interest rates, and limited housing inventory. These challenges necessitate a decade-longer saving period compared to previous generations. Understanding these dynamics is crucial for both buyers and sellers navigating today’s real estate market. For more insights, visit NAR Newsroom by clicking here.
Over 6 years, I’ve been a multi-million-dollar top producer with topnotch marketing, sales, and—above all else—a vast network and resources to achieve your real estate goals. I am a second generation Sarasotan and I love this city! I have since learned the intricacies of each neighborhood, each having its own unique and interesting history. Real estate is my true passion and I have built lasting relationships with many happy and satisfied clients. Let me be your local expert and help guide you through the market and process I know best. Let’s get on a call if you or someone you know is interested, my direct line is 941-284-0283.
