First-time homebuyers struggle as Racine housing market heats up

First-time homebuyers struggle as Racine housing market heats up

RACINE, WI — First-time homebuyers are becoming increasingly rare as rising home prices and mortgage rates push affordability out of reach, real estate experts say.As 2025 approaches, the Racine housing market remains competitive, with homes selling even faster than a year ago. Higher prices and mortgage rates mean buyers need a higher household income to qualify for the limited inventory available.“The Racine housing market is hot right now, ho…

Why Isn't My House Selling? (And How to Fix It) - Cari McGee Real Estate Team

The three main reasons a home doesn't sell are: price, condition, and presentation/marketing. But other factors can slow down a sale, too, from the agent you hire to what's happening in the local market and much more.

Housing Market: 2025 is the Best Time for Homebuyers in Years

Is it just me, or does it feel like the housing market has been a rollercoaster for the past few years? One minute it's a seller's dream, the next, everyone's whispering about bubbles and crashes. If you're anything like me, you've probably been watching from the sidelines, wondering if your dream of owning a home is still within reach. Well, according to recent reports, especially one from Newsweek, it might just be the perfect time to dust off…