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Marketplace Competition: First-Time Buyers




        Percent of first-time buyers in California









                                                                                          The share of first-

                                                                                          time buyers is

                                                                                          up-- highest since
                                                                                          2012-- but still

                                                                                          significantly below

                                                                                          the long-run
                                                                                          average.












        FHA Loans Lowest Since 2007


                               Q: Please indicate the type of mortgage


               Many first-time

          buyers are able to

           purchase because
          of FHA loans with

        their low premiums

              and low closing
                             costs




                                                               Source: 2017 Housing Market Survey, CALIFORNIA
                                                               ASSOCIATION OF REALTORS®
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                                  The Bishop Real Estate Group • www.TheBishopRealEstateGroup.com
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