Here’s what’s keeping homebuyers on the sidelines despite mortgage rates hitting a 10-month low

Published Wed, Aug 20 202510:55 AM EDTUpdated Wed, Aug 20 20253:05 PM EDT

By: Jessica Dickler

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Lorene Cowan, 44, thought she would own a home by now. However, in New York City, where Cowan lives and works, home prices have soared beyond reach.

“I would love to buy a home. That’s the next step,” said Cowan, a business and life coach. But “in New York, the entry in became so much more difficult,” she said. LEARN MORE…

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