As a percentage of total home buying, the 1st quarter 2016 FNB Estate Agent Survey pointed to a slowing in the level of 1st time buying.
According to the FNB Estate Agent Survey, for the 1st quarter of 2016, 1st time home buying slowed when expressed as a percentage of total home buying. This source of residential demand remains a significant source of housing demand, accounting for an estimated 21% of total home buying, but was down on the prior quarter’s 26%.
While the percentage estimate can be volatile from quarter to quarter, recent quarter’s estimates have remained below the multi-year high point of 28%, reached in the 2nd quarter of 2014, and the smoothed moved lower.
Read more here: FNB Property Barometer_FNB_EA_Survey_1st_Time_Buying_Apr_2016