Those who felt reluctant to jump right in felt more pressured than ever to get involved while the federal funds rate (and therefore mortgage rates) still remained low, eager to snap up houses out of the fear that prices would continue to rise at the same exponential rates.
CoreLogic, a company focused on real estate research, is constantly trying to understand and analyze trends in the housing market. And its most recent report bears good news for struggling first-time buyers, as it’s predicting slower growth.