Survey Reveals Notable Decline in First-time Buyers

While over a month old, this is interesting. I wonder: how does the percentage of hopeful first time home buyers compare to years past? Given that first time home buyers are typically younger, is their decline because homes became less accessible to them, or could it be that they are less interested in purchasing, due to aversion to risk (they have seen that depreciation is possible), they have more of a “sharing economy” mentality, or some other factor?

Read the full article here.

National Association of Realtors, www.realtor.org