First time home buyers shut out of real estate market, threatens overall US economy-WSJ

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7/22/13, "Housing Recovery Increasingly Prices Out First-Time Buyers," WSJ, Dougherty, Wotapka

"First-time home buyers, long a key underpinning of the housing market, are increasingly getting left behind in the real-estate recovery....

The depressed level of first-time buyers could prove to be a drag on the housing rebound and the broader economic recovery over the longer haul. First-time home buyers are the foundation of the real-estate market and are major contributors to their local economies, often buying up older homes, revitalizing communities and spending money on furniture and renovations."... 


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