HUD Homes Articles | 
First-Time Home Buyer Expectations for ‘Move-In’ Conditions May
MarketWatch - Aug 21, 2008
First-time home buyers are primarily concerned with affordability when choosing a new home, but their expectations may be too high relative to their current financial buying power, according to a recent Coldwell Banker(R) survey conducted among its brokers. While nearly half of the Coldwell Banker broker respondents reported that affordability was the No. 1 concern for this group, 81 percent said today’s first-time home buyers consider move-in conditions to be very important when searching for homes. In contrast, only 7 percent are looking to purchase “fixer-upper” homes that they could buy at a lower price and renovate themselves.
MarketWatch - Aug 21, 2008
First-time home buyers are primarily concerned with affordability when choosing a new home, but their expectations may be too high relative to their current financial buying power, according to a recent Coldwell Banker(R) survey conducted among its brokers. While nearly half of the Coldwell Banker broker respondents reported that affordability was the No. 1 concern for this group, 81 percent said today’s first-time home buyers consider move-in conditions to be very important when searching for homes. In contrast, only 7 percent are looking to purchase “fixer-upper” homes that they could buy at a lower price and renovate themselves.
First-time home buyers shift priorities Triangle Business Journal
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Tags: expextations, first time home buyer
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That’s interesting about only 7 percent wanting fixer uppers. That used to be all the rage around my area.
JJ