SPOKANE, Washington- For first-time homebuyers seeking affordable options, many are struggling to find homes within their budget due to increasing prices and limited inventory.

Aspen Park, one of Spokane's newest neighborhoods, offers homes priced between $300,000 and $450,000. It is conveniently located near parks, dining, and schools such as Snowdon Elementary, Westwood Middle and Cheney High.

D.R. Horton, a builder known for entry-level homes, provides smaller, more affordable options. However, with median home prices around $420,000, buyers often need an annual income exceeding $115,000 to qualify for a home loan.

The competition is fierce at the lower price points, leading to a scarcity of available homes for first-time buyers. Rising interest rates further impact buyers' purchasin

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