Declining Trend in First Time Home Buyers? - Take a Look at the Chart

By
Real Estate Agent with DPR Realty LLC

Declining Trend in First Time Home Buyers?  - Take a Look at the Chart

From ZeroHedge.com comes an article regarding the declining trend in first time home buyers.  You can access the article HERE.

A chart is included from Bank of America, which documents the decline.  The article goes on to identify the large role that investors are playing in the current housing market (although I can tell you that we have noticed a significant decline in investor purchases in Metro Phoenix Arizona).

The author also discusses the role that student debt may be playing, in limiting home purchases.

Declining Trend in First Time Home Buyers?  - Take a Look at the Chart

Posted by

 

Eric S. Crane, PLLC
DPR Realty LLC


Your Full Service, Discount Fee Realtor®
in Greater Metro Phoenix Arizona

 

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DPR Realty LLC
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Comments (3)

Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Eric, declining trend in 1st time home buyers, because it is difficult to be qualified for loans to purchase their dream home.

Mar 20, 2014 11:32 AM
Eric Crane -- Your Full Service, Discount Fee Realtor®
DPR Realty LLC - Gilbert, AZ
Greater Metro Phoenix Arizona

Hi, Kwee -- thanks for visting the blog and have a super weekend!

Mar 21, 2014 03:16 PM
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Eric, not only do I think record debt is holding people back from the opportunity to buy homes, but also the lack of any savings for a down payment. Most of the younger generation like to buy what they want now, and don't like to save up for anything. Therefore, they have no savings. Couple that with their debt, and many having lower paying jobs, and that all makes it very difficult for them to buy a home.

Mar 22, 2014 04:13 PM

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