More first-timers are now buying homes
Source: Associated Press
First-time home buyers may be entering the market in greater numbers than industry watchers had assumed, according to a Zillow survey. Over the past year, nearly half of home sales have gone to first-timers. That’s a much higher proportion than some other industry estimates had indicated. And it comes as a surprise in part because ownership rates for adults under 34 are at their lowest levels since the government began tracking the figure in 1994.