Priced Out of the Market

First Time Buyers Are The Key

The great strategy of the American Real Estate market works like this: You buy a first house and then as incomes rise and equity grows you sell and move up.
To make the system work you need First-time purchasers because if you don't have lots and lots of first-timers then you don't have replacement buyers for the folks who want to move up.

First-time buyers make up 40 percent of the existing home marketplace.

High Real Estate Prices and Rising Mortgage Rates creates a smaller number of first-time buyers and thus less demand and lower home prices.