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First-time Buyers Scramble to Compete With Investors Hunting Affordable Housing

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Investors are hogging the market for low-price homes in some cities, muscling aside entry-level buyers looking for affordable houses.

"The investor is starting to gobble up pretty much anything under $200,000," said Dennis Cisterna, chief revenue officer for Investability Real Estate, a company that markets rental homes and services. "We are not adding any new supply to the market to serve that first-time homebuyer."

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