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Fri, June 05

High number of first-timers now buying homes

FILE - In this Wednesday, Feb. 17, 2016, file photo, town homes stand under construction as a pedestrian walks along the BeltLine in Atlanta. First-time buyers may be entering the U.S. home market in greater numbers than industry watchers had assumed. Nearly half of sales in the past year went to people who were buying their first home, according to a survey released Tuesday, Oct. 18, 2016, by the real estate firm Zillow. That’s a much higher proportion of the market than other industry estimates had indicated. (AP Photo/David Goldman, File)
David Goldman

FILE - In this Wednesday, Feb. 17, 2016, file photo, town homes stand under construction as a pedestrian walks along the BeltLine in Atlanta. First-time buyers may be entering the U.S. home market in greater numbers than industry watchers had assumed. Nearly half of sales in the past year went to people who were buying their first home, according to a survey released Tuesday, Oct. 18, 2016, by the real estate firm Zillow. That’s a much higher proportion of the market than other industry estimates had indicated. (AP Photo/David Goldman, File)

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