Sales to first-time home buyers fare best in tough quarter: Genworth

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Rising mortgage rates and prices will keep a lot of new inventory out of their budget and make it especially tough for first time home buyers.. home sales continue. After the best sales year in.

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In a weak first quarter, housing activity held up better for first-time homebuyers than others, according to a new Genworth Mortgage Insurance report. Home sales to first-time buyers decreased 3% from a year ago. In comparison, there was a 6% year-over-year decline in existing owners buying a home during the first quarter, and cash sales.

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Festive season is considered an auspicious time to buy property that is why sales are generally higher during the last quarter of the year. More SC asks DLF to hand over flats to buyers by.

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The Montreal-based carrier earned $345 million or $1.26 per diluted share for its first quarter, compared with a loss of $203 million or 74 cents per diluted share in the same quarter a year ago. Air Canada said the results included foreign exchange gains of $263 million in its most recent quarter compared with foreign exchange losses of $197.

Tags: real estate, housing market, home prices, new home sales, existing home sales, pending home sales, housing, renting Devon Thorsby is the Real Estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the housing market.

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