Costs Still Stymie 1st-Time Home Buyers

Costs Still Stymie 1st-Time Home Buyers

Eighty percent of Americans believe it is difficult for most first-time buyers to afford a home, according to an AP-AOL Real Estate poll. Many people ­ 59 percent ­ believe the situation is worse now than five years ago.

Younger adults and minorities view affordability more of a problem now for first-time buyers compared with five years ago than do older people and whites, the poll found.

By region, 68 percent of those in the West and 63 percent of those in the Northeast say it is more difficult for first-time buyers to afford a home than it was five years ago. Fifty-four percent took this view in the South, and 51 percent felt this way in the Midwest.

Learn more about this recently released real estate poll…