The Return of the First Time Homebuyers?

A recent blog post from Realtor shows that the housing market is strong nationally and that we recently saw a significant uptick with first time home buyers.

“While local conditions vary, the REALTORS® Buyer Traffic Index and the REALTORS®Confidence IndexCurrent Conditions for single-family homes, townhomes, and condominiums remained above 50 in March 2017, indicating that more respondents reported “strong” than “weak” conditions. Both indices were higher than their levels one year ago and in the previous month.[1] The REALTORS® Seller Traffic Index decreased from its level one year ago, but it increased from its level in the previous month. It has remained below 50 since February 2008, indicating that seller activity is still “weak,” based on the March 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions…

First-time homebuyers accounted for 32 percent of sales.[3] Amid sustained job creation, the share of first-time homebuyers has been on a modest rise, up from 29 percent in 2014. “

 

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