Friday, August 7, 2020
First-time Home Buyer Share Rose to 35% in June 2020 as Mortgage Rates Hit Record Lows
First-time Home Buyer Share Rose to 35% in June 2020 as Mortgage Rates Hit Record Lows: The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending higher than the 29% to 32% average in past years since 2012.
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