News — First

Becoming a first-time homeowner these days is shaping up as an epic challenge. With a record-low selection of properties for sale, high buyer demand keeps on pushing home prices ever skyward. High-stress bidding wars are playing out against a fraught backdrop of the continuing pandemic and struggling economy. But help may be on the way. President-elect Joe Biden has proposed a series of actions that could help more first-time buyers achieve the American dream of homeownership. They range from providing down payment and credit assistance to boosting the supply of affordably priced homes on the market. Many of these programs were...