Approximately 27 percent of REALTORS stated that their last sale in December was to a first time home buyer (28 percent in November). First time buyers usually represent 40% of residential purchases. REALTORS are reporting problems of home buyers qualifying for loans and are finding it ... » Learn More about First Time Buyers: 27 Percent of Residential Buyers vs the Normal 40 Percent
first time buyers
Existing Home Sales Fall 3.2 Percent in October Nationally
The national drop in existing home sales volume isn't as big a concern as the anemic 28% first time home buyers. As I've conveyed for years, the housing market is not healthy. The increase in values have been driven by hedge funds, domestic and foreign investors... Watch for my blog on the upcoming ... » Learn More about Existing Home Sales Fall 3.2 Percent in October Nationally