Number of First-Time Home Buyers Falls to Lowest Level in Three Decades

Concerns continue to grow that young people are being left out of an otherwise strong housing-market recovery due to the fact that the share of U.S. homes sold to first-time buyers this year declined to its lowest level in almost three decades. First-time buyers fell to 32 percent of all purchasers in 2015 from 33 percent last year, the third straight annual decline and the lowest percentage since 1987, according to the National Association of REALTORS®. Typically, first-time buyers comprise 40 percent of purchasers. As home prices continue to rise, it will become even more difficult for new buyers to enter the market