First-time home buyers accounted for 27 percent of sales nationally in December, the lowest since the National Association of REALTORS® began tracking them in 2008. Typically, first-time home buyers account for 40 percent of the market.
Why are their numbers dwindling? Housing experts point to several hurdles, such as high student loan debt, less-than-perfect credit, low employment and wage growth, and the double-digit growth in home prices this past year.
Managing The Real Estate Details 