New Challenges Emerge for First-Time Buyers

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September 08, 2016

Photo: Pixabay

Buyers looking for starter homes have long been hampered by lack of supply, but new challenges are emerging. In a recent survey, 35 percent said they had just started looking and needed more time to shop. First-timers also reported having difficulty qualifying for a mortgage, and the number of buyers reporting that they need to improve their credit scores has doubled since this time last year.

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