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%. Big home builders such as D.R.
The market for first-time home buyers in America is dismal. Since 2021, the annual income needed to qualify for a mortgage has increased by 60 percent, driving the median age of a first-time home ...
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