Can a Tax Credit save the “First Time Buyer” in a market that feels out of reach?
Recently, President Biden Floated the idea of providing a $10,000 tax credit to “First Time Homebuyers,” but is this a solution that can really work, or is it a timely attempt pre-election to address the growing affordability challenge buyers face in the tight market? As listings grow and more inventory makes its way onto the market, home buyers find themselves still needing to make MORE MONEY to qualify in 2024. As price appreciation continues to be a great friend to homeowners who’ve held onto their property(ies), it may be no friend when it comes to those still aspiring to achieve the dream of homeownership.
