‘It’s Never Our Time’: First-time home buyers face a brutal market

First-time home buyers, who have struggled to purchase homes as prices rose during the past two years, are now faced with the additional hurdle of higher mortgage rates which has priced some would-be buyers out of the market. Data from NAR’s annual survey of homebuyers shows that share of first-time buyers, usually around 40 percent, was just 26 percent, lower than at any time since at least 1981.