Rising home prices and mortgage rates are pricing out first-time buyers in Racine, with affordability at historic lows despite strong demand.
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...
...moreAs 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...
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- - Volume: 25 - WEEK: 13 Date: 3/27/2025 11:59:44 AM -