First-time homebuyers remain scarce, but a record share of them pay all cash
· npr.org · popularity 42/100 · 0 similar stories today · Housing Policy & Urban Planning (Society, Rights & Work)
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Summary
The share of first-time homebuyers remains at a near-record low of 22% as a housing shortage and high prices sideline many, according to a new report by the National Association of Realtors. But those who are managing to buy are older and wealthier than in the past, and 1 in 10 paid all cash, a …
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