Lack of Distressed Properties
Higher cash down is winning most homes, but not always to 1st investors.
Per DS news.
Lack of Distressed Properties Locks Out First-Time Homebuyers
The share of distressed properties is shrinking and home prices are rising, but first-time homebuyers aren't benefiting from the improvements, according to findings from a survey. In the most recent Campbell/Inside Mortgage Finance HousingPulseTracking survey, the first-time homebuyer share for home purchases was found to be 34.7 percent in October. The figure is a decrease from 37.1 percent in June and the lowest share in the survey's three-year history. The decrease coincides with a significant rise in purchases for non-distressed properties. » Read More
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