In times of turmoil, it's easy to overlook the obvious. Like the fact that NOW is the perfect time for first time homebuyers.
To start with, the higher amount of inventory gives first time buyers more choices than they have seen in years. Next, a lower price of entry is making better neighborhoods avavilable to first-timers--areas that never used to be considered for starter homes. Finally, there are also higher conforming loan limits in many markets.
Now, if you are considering buying a home for the first time, let me know. I specialize in helping first time homebuyers. I'll be waiting to hear from you!