FIRST-TIME BUYER….TAKE THE PLUNGE!
Posted by Roseline on May 27th, 2008
Jerry W. Jackson | Sentinel Staff Writer
May 27, 2008
First-time homebuyers squeezed out of the market by the 2004-06 housing-price surge may want to consider taking the plunge now.
Prices are down and still falling, interest rates are low and stable, and a huge inventory of houses and condominiums is for sale — a mix that should spark more sales by year’s end, Realtors say.
But some buyers are still reluctant. Stunned by the subprime-lending debacle, banks and thrifts want higher credit scores and bigger down payments.
But those rules aren’t any tougher than those in place before the housing boom. Realtors, lenders and credit counselors say there are more options and loan money available now.
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