INSIGHTS Is There Relief on the Way for First-Time Home Buyers? By Staff Tuesday, July 2, 2024 9:00 AM “This will take many years to work itself out. There isn’t a magic fix.”Michael Gapen, head of U.S. economics at Bank of America, commented on the state of the U.S. housing market. He added, “The message for first-time homebuyers is one of patience and frustration.” Read the CNN article, “The Housing Market Is Stuck Until at Least 2026, Bank of America Warns.”