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First-Time Home Buyers Still Being Shut Out


There has already been lots of news on housing this week. Tomorrow, the Federal Reserve will released data on new residential sales.

Yesterday, the National Association of Realtors reported that existing home sales dipped 1.2 percent in June. The good news is that number is 15.2 percent better than where we were June of last year.

But the Wall Street Journal reports today that first-time home-buyers are still being shut out.


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