Even though the economy is in a slow-motion recovery, the real estate market is moving at full speed. Existing-home sales in May ran more than 5% ahead of last year, which itself was already the best year for sales in a decade. However, one group of Americans is notably absent from this measure of the American dream: first-time homebuyers. Historically, first-timers have made up 40% of all homebuyers. But in all of 2015 they accounted for merely 30%. With the many benefits of home-ownership, why the hesitation?
http://www.investors.com/politics/commentary/the-down-payment-myth-stumps-first-time-homebuyers/
