According to the National Association of Realtors, fewer buyers purchased homes in 2011, than in 2010. The percentage of first time buyers that purchased homes in 2011, was 37% vs 50% in 2010. It's believed that tighter lender requirements and the expiration of the first time homebuyer tax credit were the main causes.
Most buyers still believe in the value of homeownership and believe that homeownership is a better investment than stocks.
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Contact us
Lewis and Beth McIntyre
Real Estate Sales & Marketing Group
Keller Williams Realty
860-508-7855
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