Real Estate Insights

Is Now the Time to Buy a Home?

Is Now the Time to Buy a Home?
By Berkshire County Real Estate News
April 11, 2023

As the spring homebuying season kicks off, you may be ready to buy a home of your own, but continuing inflation, high home prices and high interest rates may be giving you pause. Is now a good time to buy a home? Market conditions are changing. According to a new report,

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Sound Advice For First-Time Homebuyers

Sound Advice For First-Time Homebuyers
By Michael Harrigan
December 30, 2022

First-time homebuyers are discouraged by high home prices, higher interest rates and continuing inflation. According to the National Association of REALTORS, by mid-2022, first-timers made up only 26% of all homebuyers, the lowest number in 41 years. The age of first-timers rose from 33 to 36, an all-time high, while their median household income slipped to $71,000 from $86,000 year-over-year.