First-Time Home Buyers Priced Out in Major Metros Even Before Pandemic

Homes in major metropolitan areas were difficult to find and largely priced out of reach for first-time buyers in the first quarter of 2020. In 20 of the 50 largest U.S. metros, list prices were more than five times the median first-time home buyer income in January through March. Moreover, the number of active listings...

Elizabeth Renter is a writer at NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter.

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