First-time homebuyers had only a 30 percent share in demand in 2015. However, this should improve in 2016. NAR’s inaugural quarterly Housing Opportunities and Market Experience survey reported that a large majority of millennials between 25 and 34 years of age who rent want to own a home in the future. Currently, affordability is a major factor preventing millennials from buying a home. However, Fannie Mae’s fourth quarter 2015 Mortgage Lender Sentiment Survey™ shows that lenders expect to ease mortgage credit standards for GSE-eligible loans and government loans over the next three months. Therefore, in 2016, the first-time homebuyer will have mortgage credit options that were not available during the housing bust..