First-Time Home Buyers

First-time home buyers not only account for the largest share of home sales in many markets, but represent the fastest-growing segment of home sales in nearly half of those markets, brokers surveyed by Inman News report.

Second homes and move-up homes, on the other hand, are the most rapidly shrinking segment of their business, brokers responding to the survey said.

Homes sold to first-time buyers made up the largest share of home sales for 37% of brokers.