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Photo: Nathan Howard/Bloomberg Demand from first-time home buyers has hit record lows with mortgage rates stuck near 7%. One corner of the market shows it is worryingly weak even with rates at 5%.
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Data: First-time home buyers faced greater headwinds in Q1 - MSNThe typical first-quarter list price was $413,700. With a 9% down payment (the average for first-time home buyers last year), buyers would be looking at a $3,240 monthly mortgage payment.
Real EstateBy Joanne Kaufman and Tony CenicolaPage 2 of 2 1 2 ...
First-Time Home Buyers Relying On Mom And Dad For Help, BMO Says May 1, 2025 • Karen DeMasters ...
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As Mortgage Rates Climb, First-Time Home Buyers Advance - MSNEven as fewer buyers are willing or able to bite, sellers continue to score record-breaking prices. The median existing-home sale price hit $414,000 in April, up 1.8% from the same period in 2024.
Even as fewer buyers are willing or able to bite, sellers continue to score record-breaking prices. The median existing-home sale price hit $414,000 in April, up 1.8% from the same period in 2024.
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