First-time Homebuyers Return to Housing Market
Are you a prospective first-time homebuyer interested in purchasing a home? You’re not alone.
According to a recent study by the American Enterprise Institute (AEI) International Center on Housing Risk, first-time homebuyers accounted for 56.7 percent of primary owner-occupied home purchase mortgages with a government guarantee in 2015.
This represents a year-over-year increase in the share and volume of first-time homebuyers – with a 1 percent increase from December 2014.
This improvement may be credited to continuing low mortgage rates, improvements in the labor market and riskier mortgage lending.
To view the full report visit the AEI website.