The share of first-time buyers stays below the long run average of 38 percent and is the lowest ever since 2006. After raising a little in 2012, the proportion of first-time buyers began dipping again this year as more real estate investors crowded out the lower-priced residential properties. ... » Learn More about 2013 Was the Third Lowest Share of First Time Buyers in Last 30 Years
first time buyers
First Time Buyers: 27 Percent of Residential Buyers vs the Normal 40 Percent
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
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