Not Enough First-Time Home Buyers Enter Housing Market (By Sharon O'Malley)

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Fewer first-time home buyers are investing in real estate, a trend that could hinder the housing recovery.  The share of buyers in their mid- to late-20s dropped to 34.1% last year from 40.6% in 2007, according to the Census Bureau.  The reasons young would-be buyers are holding off on purchasing their first homes, analysts say: Hard-hit by the recession, unemployment is high and wages are low for this age group. It’s also tougher for buyers of any age to qualify for mortgages—even without the student loan debt that young consumers are carrying. And a lack of affordable housing has priced many of them out of the market, at least for now. 

From:  www.constructiondive.com

Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 N. Howard Avenue
Suite 100
Tampa, FL 33606

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