First-time homebuyers are not being shut out of the housing market

First-time homebuyers are not being shut out of the housing market: Several housing market analysts have expressed concern that a lack of affordability has shut first-time homebuyers out of the market. But the trouble is, there hasn’t been a great measure of how many first-time buyers are actually purchasing homes. Until now. A recent paper by the Federal Reserve Bank of New York set out to create a more accurate picture, and the results may surprise you.