Bad News for Starter Home Hopefuls

May 23, 2017 Brianna Gilpin

New residential sales statistics came out Tuesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to the National Association of Realtors (NAR), the drop in new home sales for April could be worrisome for first time and low-income homebuyers as inventory shortage is likely to cause the price of new homes to rise more than it has previously. As it stands, newcomers to home buying will continue to face financial and availability challenges.

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