Tag Archives: First-Time Home Buying Still at Low Levels

First-time home buyers make up about 29 percent of the housing market, which is “weaker than the historic norm” of 40 percent, according to Walt Molony, spokesman for the National Association of REALTORS®. As the housing market’s recovery strengthens, why are the numbers of first-time home buyers numbers still so low? The leading culprits have been identified as tight credit conditions, limited housing inventories, and steep competition from investors for the same properties. “Many lower-income home buyers have been effectively cut out of the market” since the housing bubble burst […]