As the year draws close to an end, we’ve seen many ups and downs in the real estate market for both buyers and sellers. This NAR survey is promising – showing that long-term home owners feel that home ownership is still a good investment, and that as home ownership increases, so does market stability.
First time home buyers rose from 47% in 2009 to 50% in 2010. Many thanks to the tax credit, but this was also due to an increase in seller incentive, and more affordable homes available on the market. The facts in the attached article paint a more promising picture for the future. What has been your experience? Specifically in the areas where you work?