REAL Trends Updates

First-time homebuyers leading market back

Propelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.In fact, 47 percent of all Americans who purchased homes this year had not owned one during the previous three years, according to a press release Friday from the National Association of Realtors (NAR). That was up from 41...  This content only available to REAL Trends Members. Please log in below.