First Time Buyers: 27 Percent of Residential Buyers

Posted On February 10, 2014, in Did You Know, by Jed Smith, Managing Director, Quantitative Research

Approximately 27 percent of REALTOR® respondents reported that their last sale in December was by a first time home buyer ¹ (28 percent in November). REALTORS® continued to report about the difficulty of home buyers in accessing credit and that first time buyers who generally use mortgage financing are finding it hard to compete against investors who typically pay cash. About 21 percent of respondents reported a sale to an investor. 

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