Many of you may have missed this - it was the front page headline on Boxing Day.
About 17,000 people bought their first house this year, 4% lower than last year and less than half the peak figure of 39,100 in 2006.
30-year low for first-time buyers
I don't really follow the first time buyer market so don't know if they really are becoming affordable. (I know they're getting cheaper in Edinburgh, but I imagine most still couldn't afford at current prices and deposit requirements).
I don't really see asking prices coming down further up the ladder though - slow drops on Property Bee, but new property still seems to come on at peak prices initially. I suppose the lack of FTBs has to feed through eventually though.
As an aside, there has clearly been a change in sentiment over the last months - I wonder if that will result in lots of properties coming on the market from new year - vendors finally realising that there is no point in "waiting for the market to improve". Hope so.