Can You Afford a Home in 2024?

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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