First Time Home Buyers and Affordability, A Great Combination
First time home buyers and affordability of housing are driving the market we are in today. According to the National Association of Realtors, first time home buyers accounted fro 53% of the transactions in the month of march and record affordability conditions are helping markets recover.
Why are first time home buyers entering the market? Well, it’s a great time to buy for one thing, plus they can now afford a home. The best reason is the $8,000 tax credit offered from Uncle Sam! That’s $8,000 free money to purchase a home! It doesn’t get much better than that. Call me to discuss.
Source:http://www.realtor.org/RMODaily.nsf/pages/News2009042301?OpenDocument
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