SPOTLIGHT ON first-time homebuyers

Homeownership is key to building family wealth, but, according to recent data from the National Association of REALTORS®, first-time homebuyers are representing an increasingly smaller share of overall real estate transactions. Some of the primary factors contributing to delays in homeownership include student loan debt, rent increases, and market competitiveness. Perhaps not surprisingly, most first-time homebuyers rely on family and friends to help make a down payment.

Learn more about the first-time homebuyer landscape and how it continues to evolve in today’s housing market via the information below.