crs: Are Short Sales Losing Their Glow? - 10/05/11 08:18 AM
According to a recent report referenced by CRS, Short Sales Are Losing Favor With First-time Buyers - SLIGHTLY
Short-sale transactions are becoming less popular among first-time homebuyers, according to the latest Campbell/Inside Mortgage FinanceHousing Pulse Tracking Survey. 39.7 percent of all short-sale purchases in August were made by first-time homebuyers.  In constrast, first time homebuyers purchased 54.1 percent of all short-sales in November 2009, just before the original federal homebuyer tax credit was set to expire. It marks the third straight month that short-sale purchases among first-time buyers declined. 
On the other hand, maybe it is not that first tme homebuyers are turning … (14 comments)

 
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Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA,

Washington, DC

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Keller Williams Capital Properties

Address: 15901 Frederick Road, Rockville, MD, 20855

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As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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