New homebuyers are paying a record "entry fee" to enter the market due to high mortgage rates and rising home prices, creating a significant financial gap between them and existing homeowners who benefit from lower interest rates and historically low housing costs. This disparity is worsening younger Americans' ability to achieve homeownership, highlighting the need for increased housing supply and policy changes to address affordability issues.
Read the full article at Realtor.com Blog
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Ali NematiWritten by Ali
