First Time Home Buyers Lift Existing Home Sales 5.1%

This was an interesting article I found on the internet and one that makes perfect sense to me.

First-time home buyers breathed new life into the U.S. real-estate market last month, seizing on increased affordability and driving home sales to their biggest monthly gain in five years.

"The big complaint during the housing-market boom years was that middle-class home buyers were priced out," said Lawrence Yun, chief economist at the National Association of Realtors. "Now that prices are declining, it's giving them a chance to enter the market."

For the full articel click on Housing Market.