Where can first-time homebuyers catch a break?

Where Can First-Time Homebuyers Catch A Break?

Although buyers at all levels are having a difficult time navigating affordability issues, first-time buyers seem to be hit the hardest. According to a recent study by Trulia Chief Economist Ralph McLaughlin, newbie homeowners are spending more than 40 percent of their income on a starter home — 10 percentage points above the recommended maximum of 30 percent.

From https://plus.google.com/102938797535885749946/posts/XsUuR6dADTE

Advertisements