ARE FIRST TIME HOME BUYERS BEING PRICED OUT OF THE SOUTHERN UTAH MARKET???

Bloomberg, First Time Home Buyers, mortgage, Renae Stucki, Southern Utah

Renae Stucki Realtor found an interesting article on Bloomberg’s website claiming that first time home buyers only accounted for 26% of home sales in January 2014.  The site speculates this is because of declining affordability and tight lending practices by banks.  This perfect storm of adverse lending conditions is pricing many hopeful home buyers out…