Furthermore, first-time home buyers in the last year shrank to a historic low of just 21 percent of all buyers. Prior to 2008, the share of first-time buyers had a historical norm of 40 percent. At the same time, the share of first-time buyers is at its lowest level, and the age of first-time buyers has risen to the highest recorded. The median age of first-time buyers is now 40. In the 1980s, the typical first-time home buyer was in their late 20s.

Among the first-time buyers who are able to enter the market, high rent and student loans are cited as two foremost costs that hold them back from saving. However, the report showed this year that first-time buyers are most likely to use personal savings (59 percent) or financial assets (26 percent) for their down payment. This was an interesting change, because in past years' reports, a gift or loan from a friend or relative was ranked higher among first-time buyers than financial assets.

A few other interesting tidbits from the report include:

• Home sellers have owned their home for an all-time high of 11 years before selling and making a housing trade.

• Among all home buyers, 61 percent are married couples, 21 percent are single women, and nine percent are single men.

• Among first-time buyers, 25 percent of buyers are single women and 10 percent are single men, as the share of married couples remained flat at 50 percent.