First-time buyers losing out as home sales rise

Existing-home sales fell 0.6% in Mar from February.(Photo: Kevork Djansezian, Getty Images) U.S. home prices have risen for 14 loyal months, though one set of buyers has been increasingly on a sidelines: first-time home buyers. In May, first-time buyers accounted for 28% of existing-home purchases, down from 34% a year before and 36% dual years […]

As Home Sales Heat Up Again, Buyers Must Resort to Cold Cash

The ripping of final decade’s housing burble feels like ancient story here, where first-time home buyers are competing with investors to get into single-family homes with prices entrance $1 million. “It’s everybody from a child out of law propagandize to an financier from China, walking around with thousands to spend,” pronounced Kameron Eliassian, a Los […]

Time to Buy a Home?

By RACHEL LOUISE ENSIGN Newlyweds Aaron and Tal Chaiken were formulation to buy an unit during some point. They were prepared to stay in Chicago for during slightest 5 years, and hoped their good credit and income from Ms. Chaiken’s new pursuit as a counsel could assistance them land a mortgage. So when their landlord […]