High costs and uncertainty delay nearly half of first-time homebuyers, some for up to two years.

Nearly half of first-time homebuyers are delaying their purchase plans due to high costs and economic uncertainty, with some putting off buying for up to two years. Many are considering cheaper homes, moving further away, or buying with someone else to overcome these challenges. Despite the difficulties, 80% of recent buyers find the process worthwhile. Experts call for increased property supply and better mortgage awareness to ease the path to homeownership.

November 18, 2024
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