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Fall is for first-timers.
Seventy of the top 100 largest metropolitan areas see more starter homes on-market in October, November and December, relieving prices 4.8 percent over spring, according to the recently released Trulia Inventory and Price Watch. The most dramatic shifts—in favor of first-time homebuyers.
"Housing markets have long been plagued by tight inventory and worsening affordability, but it's not completely hopeless for would-be homeowners," says Cheryl Young, senior economist at Trulia. "The seasonal swings in listings and prices means buyers will likely find more homes for sale at a lower price in the fall and winter months."
Make no mistake: The housing market is still in a squeeze. Entry-level hom...
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