Journal Article

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

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.

Access Documents

File(s): File format is text/html


Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2017

Volume: 25

Issue: 4

Order Number: 8