First-time homebuyers remain scarce, but a record share of them pay all cash
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A report indicates that generational wealth is increasing the gap between people who can afford homes and those who are priced out. The median age of first-time homebuyers has reached a record high. A record share of these first-time buyers are now paying in full cash.
A new report finds generational wealth is widening the divide between homebuyers and those priced out. The median age of first-time buyers also remains at a record high.
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