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Cash purchases for homes hit 20-year high as first-time buyers struggle

Por: Newsweek Nation November 02, 2022

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For the first time in 15 years, homebuyers are paying for their new homes in cash more often than with a Federal Housing Administration (FHA) loan. The shift is making it even more difficult for first-time buyers to enter the housing market.Since the COVID-19 pandemic, buyers have flocked to the housing market. Home sales have grown increasingly difficult as supply chain issues hinder new builds and the Federal Reserve continues to raise... + full article



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