Relevant:
- distressed sales account for nearly half of home purchase activity
- short sales grab record market share in march
- Survey Says Foreclosure Mess Prompts Homebuyers to Avoid REOs and Distressed Properties
- homebuyers say no to distressed properties thanks to foreclosure mess
- The Costs of Homeownership Drive First-time Buyers Away
2010-12-20 — thetruthaboutmortgage.com
"The first time homebuyer share of home purchases jumped to 37.2 percent last month from 34.4 percent in October as mortgage rates shot higher, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released today."
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Comments:
StephenF at 09:26 2010-12-21 said:
Funny there has been no surge around the area I am in...As a matter of fact two of my qualified buyers have told me they will go "on hold" as they feel Housing Prices should drop due to an increase in rates :evil: Just 45 days ago there were those who thought rates were going lower; they have moved to the refi sidelines and now the purchasers may do the same :evil: There is no winning in this game right now. Permalinkadd a comment | go to forum thread
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