Tag Archives: First-time Home Buyers Face Greater Competition

First-time home buyers are playing a larger role in the housing market, but they’re finding big changes. Thirty-nine percent of home sales nationwide were from first-time home buyers during the 12-month period ending June 2012, according to the National Association of REALTORS®. That’s up from 37 percent a year earlier. But while first-time home buyers once had a huge inventory of homes to choose from, now they’re finding tightened supplies and steeper competition for what’s left. Housing inventories are hovering at record lows in many markets, limiting supply. First-time home […]