According to a report released by the National Association of Realtors, first time home buyers didnt make nearly as many home purchases in 2014 as previous years,its lowest level in nearly three decades.Citing the reason for the hold back to be mounting student debt, higher rents and tight credit conditions continue to make it tough for first-time borrowers to save enough money for a down payment and qualify for a mortgage.
However, the rumor is we may see a return of first-time home buyers in 2015.
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