Posted by: union03g | November 3, 2009

New Home Buyers and Investors Commadeering RE Market

Check out this article which details how the hardest hit markets (Vegas, Phoenix, etc.) are only seeing action from first time buyers and absentee investors. This asset class is really polarizing right now as no one can agree on what is going to happen. In this article, I like how he remarks that the government is bribing buyers from 2010/2011 to purchase in 2009 and how “move-up buyers” have virtually disappeared.  Cash is king these days, that’s for sure.

http://www.benzinga.com/33503/first-time-home-buyers-and-investors-dominate-the-housing-market?ref=patrick.net

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Responses

  1. […] from the “move-up” buyer set since many think that transactions are only coming from first time buyers and investors. Many still think the criteria to get the tax credit needs to be greatly expanded to include higher […]


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