First-time home buyers aren’t playing as big a role in the housing market as they did a few years ago, when lower prices and a big tax credit lured them to the market. But when it comes to homes financed by conventional or government-backed loans, first-time buyers still account for a historically high share of purchases, according to a new paper from researchers at the Federal Housing Finance Agency.
Read the full story at the Wall Street Journal, and take a look at this interactive graphic that shows first-time home buyer behavior over time.