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July 31, 2013
To kick into a higher gear. that means we are going to build a lot more homes and see stronger house price growth. >> reporter: a challenge for first time home buyers. >> difficult for people of my generation to go ahead and purchase a home. they are competing against people that are offering with all cash offers. >> reporter: it used to be first time buyers made up almost half of home sales. this year with prices surging, investors with cash are tipping the scales. but economist mark zandi says...
July 31, 2013
San francisco, up a whopping 24.5% since last year. >> i do think housing is going to kick into a higher gear. that means we are going to build a lot more homes and stronger house price growth. >> reporter: a challenge for first time home buyers. >> difficult for people of my generation to go ahead and purchase a home. they are competing against people that are offering with all cash offers. >> reporter: used to be first time buyers made up almost half of home sales. this year with prices surgin...