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Tag: steep home prices

rising mortgage rates, steep home prices create ‘affordability ceiling’ for first-time buyers, expert says

Steep additions in home costs alongside higher home loan rates have made an “reasonableness roof”, particularly for first-time homebuyers, as per Realtor.com Senior Economist George Ratiu. “For some purchasers, current economic situations are it could be said, closing the entryway in a real sense and metaphorically to homeownership temporarily,” Ratiu told FOX Business. Various elements […]

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