The share of mortgages to first-time buyers continues to decline, dropping to 56 percent last year, Wall Street Journal bloggers Nick Timiraos and Matt Stiles report. This number, however, is still larger than at any time between 1993 and 2008, according to a report from researchers at the Federal Housing Finance Agency, when it rose in 2009 to 63 percent after Congress enacted an $8,000 tax credit for first-time buyers.
PB Topical Ref
