Article here.
Traditionally first-timers have accounted for around 40 percent of purchases in the resale market. But in May, according to the National Association of Realtors, they were just 28 percent, down from 29 percent in April and 34 percent a year ago.
Big deal? Yes. If predominantly young, first-time purchasers are not entering the home ownership pipeline at anywhere near their traditional rate, at some point the system begins to choke...
Well, many figure that owning property is just a money pit anyway. Truth be told, my place has been an excellent investment, but I would never sell it. I'll die here. Where else? It's home. And the bank still owns 1/3rd of it anyway.
Even though I am opposed to the mortgage interest tax deduction, I am not retarded. I would never pay off a mortgage unless to get a better one.
Traditionally
first-timers have accounted for around 40 percent of purchases in the
resale market. But in May, according to the National Association of
Realtors, they were just 28 percent, down from 29 percent in April and
34 percent a year ago.
Big deal? Yes. If predominantly young,
first-time purchasers are not entering the home ownership pipeline at
anywhere near their traditional rate, at some point the system begins to
choke.
- See more at:
http://bostonherald.com/business/real_estate/2013/06/student_debt_flunking_many_first_time_home_buyers#sthash.BXSGcD7E.dpuf
Traditionally
first-timers have accounted for around 40 percent of purchases in the
resale market. But in May, according to the National Association of
Realtors, they were just 28 percent, down from 29 percent in April and
34 percent a year ago.
Big deal? Yes. If predominantly young,
first-time purchasers are not entering the home ownership pipeline at
anywhere near their traditional rate, at some point the system begins to
choke.
- See more at:
http://bostonherald.com/business/real_estate/2013/06/student_debt_flunking_many_first_time_home_buyers#sthash.yeVwqfD2.dpuf
Traditionally
first-timers have accounted for around 40 percent of purchases in the
resale market. But in May, according to the National Association of
Realtors, they were just 28 percent, down from 29 percent in April and
34 percent a year ago.
Big deal? Yes. If predominantly young,
first-time purchasers are not entering the home ownership pipeline at
anywhere near their traditional rate, at some point the system begins to
choke.
- See more at:
http://bostonherald.com/business/real_estate/2013/06/student_debt_flunking_many_first_time_home_buyers#sthash.yeVwqfD2.dpuf
