Low mortgage rates are offsetting high prices and low inventories making it easier for first-time homebuyers to purchase a home, according to the National Association of Realtors (NAR). A NAR index of affordability shows that more first-time home buyers have the financial means to purchase a home, compared to a year ago.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
