Bryan Ong, director, mortgage dealer and funding advisor at Rise Excessive Monetary Options, mentioned: “It is positively tougher to get into the market now, as a result of the market is at all times pushed by demand and provide. And a whole lot of first-time homebuyers proper now, primarily based on their earnings, haven’t caught up with how briskly property costs are rising. So a whole lot of first-time homebuyers are going to be trying on the decrease finish of the market. That is the place everybody can solely afford. However that is additionally as a result of it is driving costs up even additional due to all of the demand there.”
