Kelvin Davidson: CoreLogic Chief Property Economist on the surge of first-home buyers

A record surge of first-home buyers are in the market as prices come down.  CoreLogic data shows people looking to buy their first home accounted for 27% of all purchases in the past three months.  Despite stretched affordability, high interest rates, and cost of living pressures, first-home buyers still want a 'foot on the ladder'.  CoreLogic Chief Property Economist Kelvin Davidson told Kerre Woodham that while their market share is at a record high, the number of deals overall is not.  He said that it equates to four and a half thousand deals in the third quarter, which is still a good number even if it’s not a record high.  LISTEN ABOVE See omnystudio.com/listener for privacy information.