AI-assisted summary
First-time homebuyers face challenges from stagnant wages, high home prices, and comparatively higher interest rates.
The Midwest is considered a more affordable region, though home prices have risen significantly there since 2019.
Experts advise buyers to act quickly, work with an experienced agent, and explore various loan options to be competitive.
GRAND HAVEN, Mich. — It was the early summer of 2025, and Nathan Johnson and Kellie Hope had reached their renting limit.
The young couple, based in West Michigan, had outgrown their one-bedroom apartment. Their dog yearned for a yard. Throw in noisy neighbors and a three-day maintenance project, and they weren't just considering home ownership — they needed it.
“We really had no idea going in,” Johnson said. “We did