According to The National Association of Realtors’ 2009 Profile of Home Buyers and Sellers, first-time home buyers accounted for 47 percent of all home sales last year. That was the highest market share on record, passing the previous high of 44 percent in 1991. This March, based on a survey from Campbell/Inside Mortgage Finance, 48.2 percent of purchases were first-time buyers. Thomas Popik, research director for Campbell Surveys, said, though many analysts felt the pool of first-time buyers had been depleted last fall, normal spring buying, combined with the tax credit, produced blow-out results. More here. Also a Coldwell Banker survey on single home buyers here. More on single buyers here.
Theresa Springer’s Blog
First-Time Buyers Nearly Half Of All Home Sales
April 20, 2010
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