Size Matters Most to First-Time Home Buyers
When first-time homebuyers begin looking for new digs, they often have one guideline firmly in mind: think small.
“First-time homebuyers, because they have not been through the homebuying process before, have less confidence that they are making the right decision even in spite of low interest rates and affordable prices,” says Stephen Melman, director of economic services for economics and housing policy for the National Association of Home Builders (NAHB).
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