New buyers purchased 985,000 homes in the first six months of 2018, the highest such activity since 2005. First-time homebuyers accounted for 2.1 million home sales in 2017, higher than the historical annual average of 1.8 million. Given rising mortgage rates, first-time buyers who entered the market in June 2018 paid 67 percent more for […more]
Posted in: San Francisco
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