First-time buyers left behind in September home sales

October 22, 2014

Existing-home sales reached a 12-month high, but the first-time buyer share remained unchanged from the previous two months.

 

At 29 percent, the first-time buyer share is far below the historical average of about 40 percent, the NAHB reports. The association attributes tight lending conditions as the main contributing factor that continues to buffet first-time buyers despite reports of easing standards.

 

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