Showing posts with label first-time homebuyers. Show all posts
Showing posts with label first-time homebuyers. Show all posts
Monday, March 8, 2010
1:52 PM
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Investors soar as first-timers fade

Fresh data from Campbell Communications' monthly survey of more than 1,500 real estate agents found that the investor market share of buy-side transactions has jumped nearly six points since November, while first-time buyers have fallen more than seven percentage points since October.

Sales to existing homeowners also have increased from October to January, and last month their market share overtook first-time buyers, 41.2 percent to 39.8 percent.
With increased supply of distressed properties and decreased demand from first-time homebuyers, average prices declined for damaged REO and even for non-distressed properties in January.

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