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First Time Home Buyer

By
Real Estate Broker/Owner with GumTree Realty / Genesis Realty Services,Inc B 20376

First Time Home Buyers Statistics for 2011, and Profiles for First Time Home Buyers

 

First Time Home Buyers Jackson TN

 

Median age: 31

 

Median Income: $62,400

 

Home Size Purchased: 1,570 Square Feet

 

Cost of Home Purchased: $155,000

 

Monthly Mortgage Payment: $794

 

% of Homes Sold are First Time Home Buyers: 37 Percent

 

First Time Home Buyers are contiuning to have difficulties due to tighter lending standards. According to the 2011 National Association of Realtors, First Time Home Buyer purchases are down almost half from 2010. With the First Time Home Buyer Tax Credit expired, 2012 may also have its challenges.

 

Let me help you get on the right track.  Help you develope a plan, discuss challanges you may have with your credit, and put you with the right associates who can get you on the right track.

 

Lets get started and turn a Jackson Tennessee House into a Home!


First Time Home Buyers

 

 

Posted by


Greg Gillespie, CRS,GRI,CDPE

Licensed Real Estate Broker

Tupelo, MS

Lee and Prentiss County MS

Crye-Leike Realtors

662-213-9695

JOSH EVANS *JoshEvansHomes 516-655-5000
Village Properties of Mineola, LLC - Mineola, NY

Great blog and great job. Keep up the good work and good luck to you this year. Thanks

Jan 27, 2012 11:25 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Great information. I am seeing more and more first time home buyers in my practice. As I'm sure you are aware, they are very nervious, so I spend a lot of time with them, during the preapproval process.

Jan 27, 2012 11:43 PM
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

This is such a great time for a first time home buyer. 

Jan 28, 2012 12:50 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Greg - Great real estate market information for first time home buyers, love the family pic!

Jan 28, 2012 10:26 AM
Greg Gillespie
GumTree Realty / Genesis Realty Services,Inc - Tupelo, MS
CRS / Broker Owner

Thank you Guys.  As all of you know by know, First Time Home Buyers are my passion and my business...

Hope you had a great weekend.

Jan 29, 2012 11:59 AM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Greg - First time buyers are in the best position to buy they have a great opportunity to get into the market at a very good time as far as price and mortgage rates go

Jan 30, 2012 03:14 AM
Gloria Todor
Premier Property Sales & Rentals - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Greg, Thanks for this info.  I had not seen it.  Now is the time for First Time Home Buyers to make their move since interest rates are so low.  

Gloria

Feb 03, 2012 03:49 PM