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Dec 16, 2013 Issue #17

Cover Story

FT cover for 16 December 2013
First-time home buyers' share decreases

The market share for first-time buyers declined slightly in 2013, no doubt a result of tighter lending controls. Thirty-eight percent of home purchases in the past year were from first-time buyers, according to the National Association of Realtors' 2013 Profile of Home Buyers and Sellers. That's a slight decrease from the year prior when first-time buyers accounted for 39% of the market, and a large dip from 2010 when newbies were half of all buyers.