First-Time Homebuyers Make Biggest Share of Deals in 17 Years

February 22, 2018
Prashant Gopal – Bloomberg

Millennials are playing homeownership catch-up.

First-time buyers rushed into the market last year, making 38 percent of all U.S. single-family home purchases, the biggest share since 2000, data released Thursday by Genworth Mortgage Insurance show. The 2.07 million new or existing homes bought by first-timers was 7 percent more than in 2016, according to the insurer, part of Genworth Financial Inc.



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