business
Home affordability gap for first-time buyers widens as costs rise
Most young buyers can't afford a typical starter home, and about 80% of metro areas fall below affordability for first-time buyers.
WASHINGTON —
As the rise in home prices outpaces income, many first-time buyers don't earn enough to afford a starter home.
The latest data from the National Association of Realtors showed that the monthly mortgage payment for a typical starter home ... [2348 chars]
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