By Kent Hoover
Here’s a troubling trend for the housing market: First-time buyers now account for only one-third of all home purchases, the lowest share since 1987.
That’s according to an annual survey conducted by the National Association of Realtors, which questioned a random sample of people who purchased homes between July 2013 and June 2014.
It’s not just not as easy as it used to be for young adults to purchase a home, said NAR Chief Economist Lawrence Yun.
“Rising rents and repaying student loan debt…
Source:: BizJournal Real Estate