Home Real Estate Homebuyers feeling squeeze in today’s real estate market

Homebuyers feeling squeeze in today’s real estate market

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The COVID-19 pandemic brought on low interest rates and new opportunities for homebuyers. But two years later, it’s created a shortage of what’s now available.

VIRGINIA BEACH, Va. — As the saying goes, home is where the heart is.

“Everybody I think grows up in a certain area, you miss being home,” Matt Mcgee said.

Mcgee, a Virginia Beach native, is now a homeowner in the city where his heart has always been.

“My dream was always just to come back home and buy a house in Virginia Beach,” he told 13News Now. 

After living for more than a decade in a rented apartment in the city, he considers himself one of the lucky ones after purchasing his first home in the fall of 2021. One open house after the other, Mcgee almost gave up on buying his…

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