First-time homebuyers are getting squeezed out by investors
With a historic shortage of homes for sale, investors making cash offers are pushing first time homebuyers out of the market.
Record high home prices and low inventory were already making things hard for first-time homebuyers. But new numbers show that investors are driving even more people away from homeownership.
Investors are coming in and pushing out the first-time buyers," says Lawrence Yun, Chief Economist for the National Association
