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Buying Opportunities

January 1, 2011

In recent months, first-time home buyers have represented about one-third of the market. Despite concerns about the general economy, those buyers clearly place a high premium on the value of owning their own home.

According to the 2010 NAR Profile of Home Buyers and Sellers, 53 percent of first-time buyers were motivated by their desire just to own a home of their own. Low mortgage rates, rising incomes and stable prices helped them achieve those goals; 33 percent of firsttime buyers bought a home when they did primarily because they thought it was the best time for home affordability.

Story Springboard

All they want is a room somewhere… Talk to recent home buyers in your area to find out if owning a home has meet with their expectations thus far. Talk to first-time buyers going through the process. How is it different from their expectations? Why did they decide to invest in a home? What are their longterm goals?

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

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