First -time buyers made up half of the home purchases in 2023

The last few years, first time buyers have had it rough, due to the fact that they had a lot of competition to deal with when buying their first home. Between cash investors and buyers putting a large down payment it was extremely challenging for them. Well, they are now the ones taking advantage of this challenging market. A few years ago the accounting for less than 30% of home purchases, they now account for over 50% of home purchases. They see the opportunity…