First time buyers are the primer for the overall health of the rest of the market. And this trend is perhaps the biggest structural challenge to a broad, sustainable, and long term real estate market recovery. Some of it's causes can be mitigated by improving wages, establishing more realistic underwriting standards for home loans, and educating people as to the financial long term benefits of home ownership. Millenials are presently the biggest challenge. Unlike myself, a generation X'r, they just don't place the same amount of importance on home ownership. Any thoughts?
Share of First-Time Buyers Falls to Lowest Point in 27 Years | RISMedia
