03.01.2013 - Why the housing market can't move on without more first-time homebuyers
Home values are now increasing nationwide. While that's certainly better than the alternative, a deeper dive into the data reveals a serious crack in the foundation: too few first-time homebuyers. First-time homebuyers are the vital first rung on the home ownership ladder. They are usually buying from a seller who is "trading up" to a more expensive home or building a new one. When potential new buyers sit on the sidelines, existing homeowners are stuck, unable to move out and up...............................................Full Article: Source
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