Housing Market Sees Fewer First-Time Homebuyers

The video discusses the housing market trends from 2020 to 2021, highlighting record low mortgage rates due to the pandemic, which led to increased home prices and equity. It then covers the rise in interest rates over the past year, driven by the Federal Reserve's efforts to control inflation, impacting potential home buyers. The challenges faced by first-time home buyers, including increased age and longer selling times, are also addressed. Despite these challenges, the video suggests there are opportunities in the market due to reduced competition and price drops.

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