Buying a home for a first-timer is exciting. Aside from the actual transaction, the hunt for a home and figuring out wants versus needs is part of the process. And then, when you do secure that home, it’s nothing short of a celebration for you and your client. However, an increasing problem for first-time homebuyers scouring the bottom price tiers of homes is competition. Since when did luxury become cheap, and how did entry-level become out of reach? Zillow broke down housing prices around the U.S. into thirds to determine where the catch is in the system. In looking at its home price data in three price structures, Zillow extrapolated first-time buyers are struggling the most with increasing entry-level home prices and waning inventory in the fastest growing markets in the count…
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