Lennar CEO notes that despite affordable homes, first-time buyers still rare

September 22, 2014

Approximately 20 percent of the homes Lennar builds in Dallas, Austin, and San Antonio are priced below $200,000, but Lennar’s Chief Executive Stuart Miller notes that the first-time buyer market has not really come back yet.

Miller tells National Mortgage News that the barriers to getting a mortgage are high, and that the process has become “very invasive” and “almost designed to scare people away.”

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