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First Time Homebuyer Statistics You Need To Know

Century 21 has come out with some killer research and statistics on a very important demographic. First time home buyers. If you do not have an aggressive plan on targeting this demographic, sit down and beginning thinking about how you are going to approach this audience. Many believe that this group will be the group to spur the housing market into more profitable times.

Important takeaways from the article include:

78% Of Potential First-Time Home Buyers Say That Now is a Good Time to Buy
85% say they consider current home prices affordable
56% of potential first-time home buyers are considering purchasing a foreclosed or short sale home
63% are open to purchasing either a "fixer-upper" or "as-is" home
75 percent of potential first-time home buyers believe it is difficult to get a home loan right now (This one is important to overcome!)
59% of potential buyers rated their understanding of the process as only "fair" or "poor."

Read the entire article and research findings HERE

Posted by Matthew Gosselin on 03/26/2009 09:58 AM

Comments (3)

real estate marketing, first time home buyer, statistics, information, ideas, century 21, market research

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3 Comments on First Time Homebuyer Statistics You Need To Know

MAR

Hey, Goose! One of the best things I've ever done was to create a 10-part series entitled "Adventures in 1st-Time Home Buying" and publish them to my WP blog. It's generated more business than anything else I've done....

Having kids in the first time home buyer age group can help your sales!

MAR

My partner Chrissy and I have had 3 settlements so far this year w/ first time buyers...And, it's a lot of fun working with them...Easy to get along with, they aren't as 'secretive' and they keep you sharp because they ask a lot of questions!

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