NAR: First-time homebuyers account for half of all home sales
Federal tax credits have resulted in a surge of first time homebuyers. The National Association of Realtors reports that 47 percent of all home sales from July 2009 through June 2010 were first time homebuyers. Seventy-one percent of those buyers said they took advantage of federal tax credit programs. Read more here.
WASHINGTON (AP) – Home resales rose far more than expected last month to the highest level in more than two years as buyers scrambled to complete their purchases before a tax credit for first-time owners expires. The National Association of Realtors says sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million during [...]
Continue reading …WASHINGTON (AP) – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Economists said sales, while still at levels not seen since 1997, may finally be coming back to life after declining sharply [...]
Continue reading …
Loading ...
