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WEATHER IN LINCOLN COUNTY

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barrelhead

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oceancreek

Coast Tree

Sema Roofing

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occc

audiology title=

barrelhead

oceancreek

Coast Tree

Sema Roofing

wandr

occc

barrelhead

 

Coast Tree

Lowest rate of first time homebuyers in nearly 30 years

home for sale sign

Economists say that mountains of college debt, stagnant wages and rising prices are causing a nearly 30% reduction in first home buyers…even with mortgage rates falling to 4% and staying there for months on end. Unemployment is falling but many of the jobs that are being snatched up aren’t paying enough to qualify for a mortgage for young people that are carrying big debt – most of it from college loans. And so, the best spark plug for a recovering economy – home building – sits barely running on fumes at the curb.

Another real estate factor at work is that families are having to double up or take on room-renters just to make ends meet. Here’s a couple of stories in the Oregonian that describe these trends…

Click here.

And click here.

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