Sound Real estate information for the mid-peninsula of San Francisco: the Silicon Valley.
Tuesday, January 8, 2013
Fewer first-time homebuyers.
Is it a sign of the times? Real estate fares much better today than last year, but a new trend emerges: first-time buyers are fewer...
A survey by the NATIONAL ASSOCIATION OF REALTORS® found that only 31 percent of their sales were to first-time buyers. Normally, first-time buyers represent closer to 40 percent of the market.
More details about this (sad) trend on this article of the New York Times.