First-Time Homebuyers Appear to Be Younger, Less Creditworthy in Eighth District

Brian Reinbold and Paulina Restrepo-Echavarria

The Regional Economist, 2017, vol. 25, issue 4

Abstract: First-time homebuyers are essential to the dynamics of the housing market by allowing current homeowners to trade up. The number of first-time homebuyers decreased between 2000 and 2011, and then started slowly increasing again. There are many possible reasons why this happened, such as rising rent and home prices, rising student debt and tightening credit standards.

Date: 2017
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