Why are people buying homes for the first time? | Recode blog

“It’s a big deal.

It’s going to be a big part of the economy.

It was a big surprise.

And I think we’re seeing some real interest in this space,” says Jim Hines, a managing director at private equity firm Pimco.

“I think it’s going up, and I think it will continue to go up, but I think the market has really hit a lull and there’s some room for growth.”

He adds that this is a time when home buyers need to be on top of their financial obligations, and if the market continues to expand, home prices will likely continue to increase.