Daily Real Estate News
| April 22, 2010
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First-Time Home Buyers, Sellers Optimistic
More than 48% of first-time buyers expect home prices to increase by this time next year,
according to a survey by Century 21 Real Estate.
The survey posed questions to people who had bought or sold a home in the last year.
60% of first-time home buyers say they didn’t understand the process of buying a home
85%+ of both first-time buyers and sellers said that using a real estate professional was important.
80%+ of buyers believe now is a good time to buy a home.
The top three skills valued in a real estate professional by both buyers and sellers were
knowledge of the area, trustworthiness, and responsiveness.
First-time home buyers rated these three factors as the most influential in their decision:
• Current housing prices: 66%
• Home Buyer tax credit: 63%
• Low loan rates: 60%
First-time home buyers rated these factors as the most influential in their decision of choosing a home:
95% of first-time home buyers thought price was the most important consideration,
90% were also very concerned about neighborhood safety.
54% of first-time sellers think home prices are more affordable now than they were this time last year,
50% were selling because they were purchasing a property they saw as more attractive and better
suited to their needs.
Source: Century 21 Real Estate LLC (04/21/2010)