First-Time Buyers May Face a Difficult Spring

New Homeowners

Millennials may finally be ready to buy this spring, thanks to an improving job market, low mortgage rates, and record apartment rents. But the big question: Will they be able to?

This spring, first-time buyers may struggle to find a house. The number of homes in the lower-price market is severely limited. Inventory fell 8.2 percent in January from a year earlier for properties priced below $250,000, according to data from the National Association of REALTORS®.

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