First-time homebuyers are being shut out of the market like never before

Name: First-time homebuyers are being shut out of the market like never before
Uploaded: 2022-11-03T09:10:00-0700
Duration: 44 s
Description: First-time buyers made up just 26% of all homebuyers in the year ending June 2022, down from 34% the year before, according to NAR's 2022 report on homebuyers and sellers. That was the lowest in the survey's 41-year history. The share of buyers purchasing a first home has sat between 30% and 40% over the past decade and reached as high as 50% in 2009.

First-time buyers made up just 26% of all homebuyers in the year ending June 2022, down from 34% the year before, according to NAR's 2022 report on homebuyers and sellers. That was the lowest in the survey's 41-year history. The share of buyers purchasing a first home has sat between 30% and 40% over the past decade and reached as high as 50% in 2009.