FIRST-TIME BUYER….TAKE THE PLUNGE!
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. …








