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First-time buyers being squeezed inventory decline | Business

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First-time buyers being squeezed inventory decline
First-time buyers being squeezed inventory decline

A Seattle-based real estate information service today reported that the inventory of lower-priced homes for sale has dropped by more than 40 percent in California over the past year, with some of the highest reductions here in the Central Valley.

First-time home buyers are the ones being hurt by the inventory reduction, according to a new Zillow analysis.

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