Sunday, August 20, 2006

First-time buyers catch a break

Discounts and aid programs counter higher prices and open doors to ownership

Catherine Reagor
The Arizona Republic
Aug. 20, 2006 12:00 AM

The housing market's woes are generating opportunities for first-time home buyers.

Despite higher home prices and interest rates, fledgling buyers are finding more options and more time to look because of a record number of homes for sale.

More sellers are motivated to cut prices. Some real estate agents are willing to cut commissions to make a deal. There's more financial aid than ever to help people get into homes of their own.

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