Real estate broker and former ‘Million Dollar Listing New York’ star Kirsten Jordan joined Ainsley Earhardt on FOX and Friends Thursday morning to share her take on the market and her tips for first-time home buyers.
Jordan explained that interest rates are going up along with the prices of homes because while there is still great demand, there is also a lack of inventory. Jordan shared that mortgage applications are going down especially since many homeowners took advantage of refinancing their homes over the last couple of years to lock in lower rates.
Jordan’s tips for first-time home buyers is first, not to get in over their heads and be realistic with their purchase. Second, she suggests that buyers look for a house they can improve upon, such as the kitchen or bathroom, to increase its value instead of buying homes that need no improvement.