It’s a mystery worthy of the greatest escape artist himself—first-time homebuyers are disappearing from the market. But unlike Houdini’s illusions, this isn’t a magic trick. The question is: where did they go, and what’s keeping them from making a move? The Vanishing Act.
Traditionally, first-time homebuyers make up around 40% of the market. But lately, they’ve been pulling a disappearing act, with their share shrinking year over year.
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