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First-Time Buyers Face Higher Costs and Fewer Options
An analysis cites rising home prices and lender innovations as shaping a harder path for first-time buyers. Economists note existing homes cost less than new, suggesting buyers should consider used houses and smaller lots. Tips urge settling for less, trading up, and seeking graduated-payment mortgages backed by FHA under the 1977 act.
MENTIONED IN THIS ARTICLE
Taggerson
Parliment
Housing and Community Development Act
Carter
Federal Housing Administration
FHA