NAR Survey
First-time homebuyers reached 47 percent during the past year, its highest market share on record, according to a study released at the 2009 Realtors® Conference & Expo.
“Tax incentives, record high affordability conditions and pent-up demand brought a record share of first-time homebuyers into the market,” Bishop says. “These buyers are critical to housing and a general economic recovery because the market always heals from the bottom up – they absorb inventory, free existing owners to make a trade, and stimulate related goods and services.”
Meaning now is the the best time time to buy a home. These prices are not going to stay this low forever!!
Life is all about opportunities.. Question is if you take them or not!
Until next time,
Tony