Share Of First-Time Buyers Second Lowest On Record In 2006

Date February 20, 2007

Affordability concerns continued to impact the residential real estate market in California, with the share of first-time buyers declining to their second lowest level from 30.5 percent in 2005 to 27.1 percent in 2006, according to C.A.R.’s "The State of the California Housing Market" report, released earlier this week. Based largely on C.A.R.’s 26th Annual [...]