Uptick in First-Time Homebuyer Activity
With a number of factors contributing – low mortgage rates, improving economy, easing credit requirements, slowing price appreciation, higher rents – it appears that first-time homebuyers are moving off the fence and buying again. Both anecdotal reports and statistical measures seem to confirm that this dynamic is beginning to take hold, although it remains to be seen whether the activity is a blip or a more meaningful trend.
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