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First time homebuyers have to make 13% more compared to a year ago: report

Por: Fox Business Business July 29, 2023

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Madison Ventures+ managing director Mitch Roschelle says increases in borrowing costs are 'eating up' homebuyers' savings. Purchasing a home for the first time will require those hoping to do so to have compared to last year, Redfin has found. In released Friday, Redfin said the amount of money first-time homebuyers have to bring in per year to be able to cover a starter home stands at about $64,500. It hovered around $7,200 lower... + full article



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