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Week of August 24th-Where have the 1st Time Homebuyers Gone?

August 23, 2014
A recent study published by the Federal Housing Finance Agency, shows 1st time homebuyer's are accounting for more than 50% of the mortgages purchased by the government but that is down more than 10% over the last 3 years.  The drop has been attributed to rising home costs and the inability of the government to purchase loans meeting its requirement in some of the countries larger metropolitan areas. 

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