A down to earth look at real estate issues in
Northern New Jersey with an environmental twist.
Sunday, February 15, 2009
First Time Buyer Segment Now Nearly Half of NE Market
source: NAR 2008 Profile of Home Buyers and Sellers In the years of rising prices and quick sales, first-time home buyers made up a smaller share of the market. As affordability improves but sales slow, it is more difficult for current homeowners to sell their homes.
Unencumbered first time buyers are therefore a larger share of purchasers, now 46% in the Northeast.