Sure, mortgage rates are at record lows , allowing buyers to stretch their budgets . Inventory is at record lowsThe limited number of available homes for sale is pushing potential buyers into bidding wars, spurring home prices ever higher. That's what is hurting our first-time buyers." Strait, an agent for more than 30 years, said she loves working with first-time buyers. Like many first-time buyers, Angerstein, 28, had a strict budget -- $220,000 was her cap.

Source: CNN February 16, 2021 15:11 UTC