First-Time Homebuyer Survey Results

According to the  2011 National Association of Realtors® Profile of Home Buyers and Sellers, first time-home-buyers currently make up 37% of the market share, down from 50% in 2010 which saw a boosted market share because of the home buyer tax credit.  Long term survey-averages show that four out of 10 buyers are typically first-time.  The first-time home buyer is critical to a housing recovery as they help existing home owners sell and make a trade.  Seventy eight percent of recent home buyers said their home is a good investment and 45 percent believe it’s better than stocks.  The survey also found that most buyers believe in the long-term value of home ownership.