First-time home seekers on a bumpy road

By Kent Hoover | Phoenix Business Journal

Here’s a troubling trend for the housing market: First-time buyers now account for only one-third of all home purchases, the lowest share since 1987.

That’s according to an annual survey conducted by the National Association of Realtors, which questioned a random sample of people who purchased homes between July 2013 and June 2014.

It’s not just not as easy as it used to be for young adults to purchase a home, said NAR Chief Economist Lawrence Yun.

http://www.bizjournals.com/phoenix/news/news-wire/2014/11/03/where-have-all-the-first-time-buyers-gone.html

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November 3, 2014

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