Moratoriums on foreclosures have been lifted. Interest rates are rising. What does that mean for buyers, especially first-time home buyers? Available, affordable homes are scarce. If the first-time home buyer, or moderate income home buyer can find a suitable home, it may be very challenging to purchase. they find it more difficult to qualify or compete with investors who are creating bidding wars. Investors are offering more than the asking prices. I have seen $10,000. To $20,000 above asking price being offered. Investors are purchasing sight unseen, without appraisals, nor inspections. They are asking for thirty day, quick closing. For some reason, this is very prevalent in minority communities. Strange fruit. What can we do? […]