It is a no-good, very-bad, terrible time to be a first-time homebuyer, especially in a market like New York City where inventory is tight and bidding wars are commonplace. Factors ranging from the new tax law to the low housing supply to rising mortgage rates have combined to make 2018 a particularly bad year for first-time homebuyers, according to the New York Times. The new Republican tax plan will likely make it more expensive to […]
source https://therealdeal.com/2018/03/23/are-you-a-broker-representing-a-first-time-homebuyer-get-ready-to-work/
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