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US: Housing-market bust changes buyer behavior

Posted on 09 November 2010

From WSJ: At a time when many Americans are wondering how–and when–the housing market will recover, some people not only are encouraging first-time buyers to jump in to the market, they’re also helping them come up with a down payment.
Twenty-seven percent of first-time buyers who purchased a home between July 2009 and June 2010 received a gift from family or friends to help with the down payment, according to the National Association of Realtors’ annual Profile of Home Buyers and Sellers survey, released at NAR’s annual conference in New Orleans……………………………………….Full Article: Source


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