Rising home prices, insurance rates burdening first time buyers

OKLAHOMA CITY (KFOR) – It’s no secret that home prices keep rising here at home and across the country, with rising insurance rates also having an impact. Experts said the current market climate has made it harder for first-time buyers to jump in.

“Are they being priced out of the market? Is it hard as a new home buyer?” KFOR asked Oklahoma City Metropolitan Association of Realtors President-Elect Barry Whittington.

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“Well, it’s very difficult for sure,” he said. “I mean, we have locally and nationally, we have an affordable housing crisis.”

It’s something everyone recognizes, according to Whittington. However, solutions have been hard to come by…

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