NAR Survey Finds Half of Homebuyers to be First-Time Purchasers

First-time homebuyers purchased half of all homes that were sold from July 2009 to June 2010, according to an annual survey of buyers and sellers conducted by the National Association of Realtors (NAR).

That’s up from 47 percent in the previous 12-month period, and the highest share of first-time homebuyers in the history of NAR’s study, which dates back to 1981. The previous cyclical high for first-time buyers was 44 percent in 1991.

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