Can You Afford a Home in 2024?

Nitty Gritty Real Estate

Alicia Sanchez and Heather Oloboni get into the 2024 market, with a focus on one of the hottest topics for today's buyer: affordability. Together, they explore the current housing market challenges, particularly for first-time homebuyers, including issues like rising prices, limited inventory, and high interest rates. They also touch on the struggles faced by sellers, such as accurately pricing homes and dealing with solar leases. If you're a buyer or seller trying to navigate the 2024 real estate market, this episode is packed with insights and practical advice.

01:10 - Affordability Challenges for First-Time Buyers
02:38 - How HOA Fees Affect Affordability
03:50 - The Impact of Interest Rates on Buying Power
05:15 - The Struggle for Move-Up Buyers
07:25 - Why Waiting for Interest Rate Drops May Not Help
09:45 - Sellers Overpricing Their Homes
11:15 - The Impact of Solar Leases on Selling Homes
12:45 - The Hidden Costs of Homeownership
14:30 - Final Advice for First-Time Buyers

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Keller Williams Southern Arizona
7400 N Oracle Rd #331
Oro Valley, AZ 85704