Real Estate
Your First Home Might Be Your Last
There were 1.8 million repeat homebuyers in 2001. Last year, that was slashed in half. What’s going on?
This article is for subscribers only.
The challenges that first-time homebuyers face in the U.S. housing market has been the cause of some concern over the past few years, amid slow income growth, fast price appreciation in parts of the country, and doubts that millennials want to buy a home in the first place.
They do, according to survey after survey. And perhaps they are. Data published today by the Urban Institute indicates that first-time homebuyers aren’t the ones we should be worried about.