Tag: First time home buyers

1st-time buyers falling as share of Massachusetts real estate market

First-time buyers are finding themselves squeezed out of the Massachusetts housing market and now make up the smallest share of the market since at least 2003, according to survey numbers released Thursday by the Massachusetts Association of Realtors.

Across Massachusetts, 35 percent of all homebuyers were first-time buyers in 2016. The previous year in Massachusetts, 41 percent of all buyers were first-time home buyers.

Nationally, 35 percent of buyers were first-time buyers, an increase over the 32 percent share of first-time buyers in 2015, according to Eric Berman, spokesman for the Massachusetts Association of Realtors.