Current housing market especially tough on first-time home buyers

AI BRIEFING

• ⬤ The current housing market is challenging for first-time home buyers due to a backlog of construction and hesitant sellers.
• ⬤ Homeowners are reluctant to sell their homes due to advantageous, low-interest loans.
• ⬤ This has created a perfect storm that is making it difficult for first-time buyers to enter the market.