I just read an article about new home buyers. According to a study released on Saturday from the National Association of Realtors. According to the survey, first-time buyers sales rose to 41 percent from 39 percent of all transactions in 2007.
“First-time buyers are more flexible because they aren’t concerned about selling an existing home,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.
According to the study, the median age of first-time buyers was 30, down from 31 in 2007.
The median income for a first-time buyer was $60,600 and typical first-time buyers bought homes costing $165,000.
This is perfect for Philadelphia because home prices in many neighborhoods are lower than $165,000. You just need to use creative marketing to find the right buyer.
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1 House Flips Are Still Viable Because of New Home Buyers. | Cashflow Blog // Nov 11, 2008 at 5:24 am
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