Relevant:
- Home sales edge up, signs of stress remain
- Repeat Buyers Buy, First-Timers Retreat
- US Home Prices Rise at Solid Pace, Even With Flat Sales
- FHA low down payment buyers and cash investors dominate Southern California housing market – Not a healthy market when over 63 percent of sales come from these two groups. Move up sellers unable to shift because of negative equity.
- Housing Facing Another Bump In Road To Recovery?
2010-04-23 — pbs.org
"Encouraging signs in the housing market today: sales of existing homes spiked almost 7 percent in March, turning around three months of declines. Now many of those home purchases came from first time buyers scrambling to take advantage of tax credits that expire at the end of this month. But those new buyers are facing some competitors. As Stephanie Dhue reports, in some markets, house hunters with cash are shutting out first timers."
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