First-Time Buyers Are Coming Back to U.S. Housing Market: Chart
(Bloomberg) -- The share of first-time buyers in the U.S. housing market rose for the first time in three years, driven in part by robust job growth for college graduates, according to a survey released Monday by the National Association of Realtors. New buyers made 35 percent of purchases in the 12 months through June, up from 32 percent in the prior year but still below the average over the survey's 35-year history, which is 40 percent.
To contact the reporter on this story: Prashant Gopal in Boston at pgopal2@bloomberg.net. To contact the editors responsible for this story: Daniel Taub at dtaub@bloomberg.net, Christine Maurus
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