Fewer First-Time Homebuyers in the Market

The share of sales to first-time homebuyers fell this year to 34 percent, the lowest level since 1981, according to data released by the National Association of Realtors (NAR). Last year’s level was 35 percent, and the decline was primarily attributed to a lack of housing supply.

Another problem facing potential first-time homebuyers is student debt, which makes saving for a downpayment difficult.

Read the source article at National Mortgage Professional Magazine