NAR Annual Survey Reveals Notable Decline in First-time Buyers

NAR Annual Survey Reveals Notable Decline in First-time Buyers

Media Contact: Adam DeSanctis / 202-383-1178 / Email

WASHINGTON (November 3, 2014) – Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released today by the National Association of Realtors®. The survey additionally found that an overwhelming majority of buyers search for homes online and then purchase their home through a real estate agent.

To read the entire article go to: http://www.realtor.org/news-releases/2014/11/nar-annual-survey-reveals-notable-decline-in-first-time-buyers