Axios Columbus, March 26, 2024, First-Time Buyers Dominate Ohio Housing Market
First-time homebuyers received 63% of mortgage offers in Ohio in 2023, per a recent LendingTree report.
Why it matters: It’s one more sign current homeowners are still feeling the golden-handcuffs effect of not wanting to give up existing low-rate mortgages, Axios’ Brianna Crane and Simran Parwani write. The big picture: Nationwide, around two-thirds of mortgage offers in 2023 went to first-time homebuyers, per the report. The share of first-time buyers has increased over the past five years.
