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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