First-time U.S. home buyers face supply struggle as rates fall

FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo

(Reuters) – Mortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times. Why? There just aren’t enough homes for sale. Developers have struggled to build enough new homes, especially at entry-level prices, because of land and labor shortages and […]

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