- According to the latest edition of the Realtors® Confidence Index, in October 34 percent of home buyers had a down payment greater than 20 percent, 29 percent paid cash, and 34 percent were first-time buyers.
- Normally one would expect to see first-time buyers at 40 percent of the market, but investors and cash buyers apparently are absorbing part of the first-time buyer market.
- Many market observers have also mentioned tight credit as having a negative impact on first-time buyers.
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