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How first-time homebuyers can compete in overheated market

South Florida’s housing market is on a tear, and that’s reducing many first-time buyers to tears.

Increased demand from investors and a shortage of homes for sale have left many first-timers struggling to find a place.

“The first purchase by far is the most overwhelming,” said Ken H. Johnson, a real estate professor at Florida International University. “It’s a daunting process anyway, but now they’re coming into the market at a time when they have to be competitive with a lot of savvy buyers paying cash.”

To aid in the search, Debthelper.com, a nonprofit housing and counseling agency, is holding a workshop Saturday in West Palm Beach.

The six-hour course begins at 9 a.m. at 1325 N. Congress Ave. The cost is $25 per household. To register, call (561) 472-8000 or email FTHB@debthelper.com.

See more of “How first-time homebuyers can compete in overheated market” by the Sun-Sentinel

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