Singles and First-Timers Squeezed Out

Singles and First-Timers Squeezed Out
The latest research on home buyers from the National Association of REALTORS® shows the effects of tight mortgage lending standards on the market.
The association says that these conditions are keeping qualified buyers, especially singles and first-time buyers, from reaching their dreams.
“Single home buyers have been suppressed for the past three years by restrictive mortgage lending standards, which favor dual-income households who are more likely to have higher credit scores,” says Lawrence Yun, NAR chief economist. He added that “historically, first-time buyers are instrumental in housing recoveries because they help existing home owners sell and make a trade See the 10 Best Cities for the Young: Salt Lake City on this list.....