Declining demand from first-time buyers threatening recovery

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Mar. 5, 2014

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Declining affordability and tight lending conditions are gumming up the housing recovery by locking out an increasing number of first-time homebuyers, Bloomberg reports. First-time buyers accounted for 26 percent of purchases in January, the lowest level recorded by the National ...

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