AEI warns: ‘Ignore problematic NAR data on first-time buyer activity’

  • The AEI took issue with observations put forth by the National Association of Realtors that credit standards are still too tight.
  • The International Center on Housing Risk is contending that first-time buyers are making low downpayments and have less-than-stellar credit.

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Is credit as tight as some analysts claim? American Enterprise Institute says no, because first-time buyers with so-so credit flooded the market last month.