Fannie Mae-No Politics (FNMA)

[Sogo]

I believe the %of 1st time buyers generally considered to be a sign of a healthy housing market over the last few decades is significantly above the high 30s. I forget what the "healthy" number range is, but i recall looking at historical numbers on this a few months ago and we are way below what has been normal (even if you just look at buyers in the decades before the last housing bubble got started). This isn't to say you're wrong, because you're pointing out a recent trend up. But if you're interested, look into the historical levels and percentages of first time buyers. I'll reply with a link if i can find a good one.