First-Time Homebuyers Face Brutal New Reality as Weakening Job Market Makes Saving for a Down Payment Even Harder: 'Labor Market Is Really Underpinning of the Housing Market'
Slower job growth and high mortgage rates are making homeownership harder for first-time buyers.
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Why It Matters
Fewer new jobs and expensive home loans are making it tougher for first-time buyers to save money for a down payment. When fewer people can buy homes, companies that help with mortgages might see less business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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