Young buyers hunting a house are finding lots of competition - and much of it isn't from other first-timers. Investors are hogging the market for low priced homes in some cities, muscling aside entry-level buyers who are hunting affordable houses. "The investor is starting to gobble up pretty much anything under $200,000," said Dennis Cisterna with Chief Revenue Officer of Investability Real Estate, a company that markets rental homes and services. "We are not adding any new supply to the market to serve that first-time homebuyer." The supply of homes for...
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