First time home buyers change priorities – Bizjournals.com
Bizjournals.com, NC - Aug 21, 2008
Good news for the industry: 73 percent of today’s first-time buyers want a broker’s help in identifying neighborhoods, negotiating prices and paperwork.
A growing number of first-time home buyers – 41 percent – say that when it comes to finding a new place to live, proximity is their top priority, according to an online survey of Coldwell Banker brokers nationwide.
That was one of the survey’s key findings, perhaps influenced by the rising price of commuting that is driving first-time homebuyer trends.
Brokers today have a tougher job, as they report that first-time buyers look at five to 10 homes, on average, before making a purchase.
Gone are the days when buyers fought over the first home they were shown and a bidding war broke out.
Great first-time buyer expectations Boston Globe
Survey: Affordability matters most to first-time buyers Inman.com (subscription)
Survey: First-time homebuyers have lofty expectations Bizjournals.com
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Read the full First-time home buyers change priorities - Bizjournals.com story
Posted by Carlos Sagastume on August 29, 2008. Filed under HUD Homes.
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