Home for sale

A home for sale in Huntington Beach in May. Just one-third of homes bought this year went to first-time buyers, the lowest rate since 1987. (Bryan Chan / Los Angeles Times)

Tim Logan
November 3, 2014

First-time home buyers aren’t buying homes like they used to.

The share of houses bought by first-time owners is at its lowest level in nearly three decades and down sharply from 2013, according to a new survey out Monday from the National Assn. of Realtors.

Just 33% of home purchases this year have been by first-time buyers, the trade group said, down from 38% last year and well below the long-term average of 40%, the trade group said.

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