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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. metros, homes remained five times more expensive than the average first-time buyer income, reports NerdWallet. times median first-time buyer income in the fourth quarter. Read More. .

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Affordability Worsens for First-Time Buyers

Pro Builder

NerdWallet analyzed home affordability for first-time buyers in the country’s largest metros, finding a notable loss of affordability for these usually younger buyers with less robust credit histories and tighter budgets. times more than the median income for a first-time buyer compared to the previous quarter’s 5.2

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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