More than 48 percent 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.
Sixty percent of first-time home buyers say they didn’t understand the process of buying a home, and more than 85 percent of both first-time buyers and sellers said that using a real estate professional was important.
The top three skills valued in a real estate professional by both buyers and sellers were knowledge of the area, trustworthiness, and responsiveness.
More than 80 percent of buyers believe now is a good time to buy a home. First-time home buyers rated these three factors as the most influential in their decision:
• Current housing prices: 66 percent
• Home Buyer tax credit: 63 percent
• Low loan rates: 60 percent
In choosing a home, 95 percent of first-time home buyers thought price was the most important consideration, but 90 percent were also very concerned about neighborhood safety.
About 54 percent of first-time sellers think home prices are more affordable now than they were this time last year, and 50 percent 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)
Tell Others What You're Reading!
Connect with me!
{ 2 trackbacks }
{ 9 comments… read them below or add one }
I discovered your blog site on google and checked out a few of your earlier posts. Continue to keep up the work. I just added your RSS feed to my MSN News Reader. looking forward to reading more from you later on!
It is always pleasure to read your articles, will back here soon
Awsome article Waiting for more info buddy !!
Thanks for your feedback!
Please also show your support for our Facebook page: http://www.facebook.com/NewYorkRealEstateAccess
Best,
Raja
Thanks for posting, I like this blog!
@scholarships for women: It’s about time we need optimistic news!
this post is very usefull thx!
Your support is much appreciated! Thanks a bunch!
Keep up the good work, I like your writing.