Nothing provides someone with more thrill than making their first home purchase. Buying a home is often viewed as a sign that someone has entered adulthood and is ready to begin their financial future.
– Some homes are built as starter homes, but even that is somewhat variable, as one person’s starter home is someone else’s forever home.– A family buying a starter home usually sells the house and moves to a bigger one later.
– The immediate aftermath of remote work caused a massive spike in home prices, making homes much more expensive almost everywhere in the country. It made it harder for people interested in buying starter homes to save for a down payment and pay closing costs.