| OCR Text |
Show Home prices on the rise i House prices increased to a median 1979 laSt ear' up from S58-000 in h . ' and first-time home buyers jwally paid $58 900 in 1981 according j Catio LeagUe f SaVingS $72,ooo price meant a monthly ment of $816, including taxes and j16nce. after a down payment of i rJZ- For first-time buyers, the HWs were $721 and $8,600, according 10 1 association. j " association study found that first- I time buyers made up 13.5 percent of purchasers, down from 17.8 percent in 1979 and 36.3 percent in 1977. The association, representing 4,000 savings and loans, was skeptical about market conditions improving this year. Condominium sales doubled in market share in two years to 21.5 percent, the study reported. Median monthly payments climbed from $400 in 1977, and the median age of home buyers went from 33 to 34 in that time, the study reported. |
