Rosita McLaurin
  • Rosita McLaurin

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Daily Real Estate News  |  April 22, 2010  |   Share

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)