The Return of the First-Time Buyer

The Return of the First-Time Buyer

Homebuilders are reporting that they are seeing more activity from first-time buyers now than in the earlier part of the housing recovery. While the first phase of the recovery was characterized by strong sales at the upper-end of the market, a significant component of which was driven by foreign buyers, and relatively low sales volume, it appears that the housing market is shifting into a mode that will be driven by first-time and entry level buyers and, hopefully, higher volumes. This dynamic should have a positive impact on the overall economy.

Read More

Previous Existing Home Sales Dip
Next New Home Sales and Prices Rise in April

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

Homebuilder Optimism Looking Up

The NAHB Builder Confidence Index rose 4 points in April to 56. This was the first rise in five months although the index had never dropped below 50 during this

Housing Market

Macro Impacts to Housing Market

Daren Blomquist with RealtyTrac discusses the impact of various macro-economic factors on the housing recovery. Among the factors discussed are the stock market, oil prices and the influence of foreign