First-Time Home Buyers Make Up Large Part Of Market

First-time home buyers are buying up homes at the same pace they were before the first-time home buyers tax credit that stimulated demand two years ago.   For the first seven months of this year, first-time homebuyers have made up 32 to 36 percent of the market according to the National Association of Realtors®.  Falling interest rates, FHA’s low down payment (FHA’s market share has increased from 3 to 30 percent since 2006) and rising rental prices are drawing  the first-time home buyer.

 

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