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Another Sign That First-Time Buyers are Missing in Action

by Peter Thomas Ricci

First-time homebuyers are a scarce bunch, these days.

first-time-buyers-mia-realtytrac-housing-recovery

Just when it seemed that the news on first-time homebuyers could not get any more distressing, here comes a new report from RealtyTrac to pour salt on the wounds.

In short, here’s what RealtyTrac found: of home purchases, the share purchased with low down payments/no down payments fell to just 25 percent in 2014; first-time buyers predominantly opt for such mortgage options, so it’s not too much of a stretch to posit that first-time buyer market share also fell in 2014.

We reported as much at the start of the year, but RealtyTrac’s numbers offer further confirmation. See our infographic below for additional perspective.

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