Bob Driscoll | Source | Senior Vice President and Director of Residential Lending at Rockland Trust

Bob highlights the tough conditions for first-time buyers, citing "high interest rates, home prices, and limited inventory." Emotional tolls and repeated setbacks are causing many to pause their plans. Family assistance is common but not a complete solution. Bob predicts a market shift by 2026, offering hope for future buyers.

Bob highlights that "home prices have skyrocketed due to persistently low inventory," creating a seller's market. First-time buyers face saving challenges for bidding wars. High rents and student debt further erode savings, leaving many feeling demoralized and locked out of homeownership, a stark contrast to previous generations.

Bob advises reviewing financial priorities and setting a realistic budget. He suggests enhancing your savings strategy for a down payment and consulting a home loan expert. "Preparedness is key to a smooth and efficient mortgage application process," Bob emphasizes. Start early to ensure efficiency and focus on finding your dream home.