First time San Francisco homebuyers may find this market suitable for jumping in!
According to the NATIONAL ASSOCIATION OF REALTORS® (NAR), first-time homebuyers accounted for 40 percent of homes purchased in 2005. This percentage may well increase, given current market conditions that have made buying a house more affordable for many people. These new homebuyers were previously priced out of the market when home prices spiraled upward faster than income levels.With low interest rates and plenty of great homes to choose from, this is the ideal time to encourage first-time homebuyers to come off the sidelines and jump into the market.
©2007 Coldwell Banker Real Estate Corporation.
posted by SFResidence.com @ 7:42 AM
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