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1st Time Home Buyer Sales Are Down

st Time Buyers Rising Prices = equivalent to = LESS SALES 1st Time Buyers are buying less homes 1st Time Buyer Home Sales 30% Decrease from Historical Avg in 1st home buying according to NAR Research Loss of Home due to Investors Competition Inventory Report June Y to Y 2013 2014 17% 15% Increase in sales in top 1/3 priced homes 7% Derae in als in otem 13 fhames Priced under 198.00 The middle 1/3 only saw a 3% increase in sales. Source: Redfin Reuter reports 1st time home buyers have a lack of inventory for them to purchase and are loosing out to higher bids. NAR Research states 1st home buying is down 30% from historical averages. "It's bad news for people looking for a starter home that all the choices are disappearing" Lawrence Yun chief economist National Association of Realtorso (NAR) shareasmage.com Source: "First-Time Buyers Shut Out of Expanding U.S. Home Supply," Bloomberg News Online (Aug. 12, 2014)

1st Time Home Buyer Sales Are Down

shared by frankelrealty on Aug 20
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Lack of inventory and competition from investors has led to a decrease in 1st time home buyer sales and an increase in prices in the 1st time home buyer market.

Publisher

Carey Frankel

Category

Economy
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