According to a new report from the National Association of Realtors, the percentage of U.S. homes sold to first-time buyers fell to a 30-year low. The number fell for the third consecutive year to 32 percent in 2015, down from 33 percent last year, marking the smallest percentage of homes sold to first-time buyers since 1987. The NAR, which has been collecting data on this trend since 1981, states that first-time home buyers have accounted for 40 percent of U.S. home sales in the past. The NAR expressed concern that if too many young Americans remain renters, current home owners will struggle to sell their properties.
