As a Real Estate Investor ~ I will be Happy ~ The banks are not lending ~ You need above 680 FICO for an 8% ~ 90 to 99% first time homeowners can not buy anything with a medium price is $420,000! The Sh*t will hit the fan like 2008 ~ 2010 in 2025 ~ if rates go up to 10%, it will be worse than 2008. I hope you saved $$ Cindy?
You make some good points about how tough it is for first-time buyers. With the way things are, it's difficult to get that pre-approval you need to start shopping for a home. Wouldn't it be great if we had a crystal ball to see where this is headed?!
