Lack of first-time homebuyers ties up housing

Julie C. Nichols General

HousingWire – Megan Hopkins

It seems that industry professionals are becoming more and more fearful of what the lack of first-time homebuyers might bring to the housing market. With fewer young adults working and more buried under student debt, first-time homebuyers seem to be shying away from the market and opting to rent or even remain at home with their parents. In a series of interviews at the Five Star Conference in Dallas, Texas, on Monday, a number of housing experts expressed their strong concern about the liquidity of the industry if in fact potential first-time hombuyers veer off the path of homeownership and decide to rent instead.

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