The dream of owning your own home is slipping further out of the reach of first-time buyers thanks to sky-high prices and mortgage rates that have more than doubled over the last few years. Amira Elgoneimy, a premiere agent with Redfin real estate brokerage, and Daryl Fairweather, chief economist with the real estate brokerage, explain the challenges buyers are experiencing as they try to buy their first homes.

Share:
More In Business
Macy's Rejects $5.8B Takeover Bid From Investors
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Tech Stocks Still on the Rise
Pete Najarian, co-owner of Market Rebellion, shares what sectors he's watching as the S&P 500 and Dow notch historic highs.
Ford Cuts Production of F-150 Lightning Electric Truck
Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth. The automaker said about 1,400 workers will be impacted by the move.
Load More