HOUSING RECOVERY PRICING OUT FIRST TIME HOMEBUYERS

August 31, 2013 By In Uncategorized No Comment

First-time homebuyers are being squeezed out of the housing market recovery due to a sharp rise in home prices in some markets, a recent jump in mortgage rates, tighter lending practices, and competition from investors picking up lower-price property for cash, reports The Wall Street Journal. First-time homebuyers are more likely to be unemployed, underemployed,

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