Sunday, November 20, 2011
First-Time Homebuyers Decline 19% in 2011
The NAR lacks credibility and has bombarded consumers with questionable info, but they sure do like to release data. The latest trouble: firstime homebuyers are declining. They're the grease of the housing market wheel because they provide current owners the ability to move up. Not too surprising their numbers are declining with the end of the Homebuyer Tax Cred, and since many Gen Y have no option to move home after college.