Industry News

First-time buyers want larger homes, not fixer-uppers

Real estate brief
Published on Sep 5, 2008

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by CareyBot

First-time home buyers are primarily concerned with affordability when choosing a new home, but their expectations may be too high relative to their current financial buying power, according to a recent Coldwell Banker survey conducted among its brokers. While nearly half of the Coldwell Banker broker respondents reported that affordability was the number one concern for this group, 81 percent said today's first-time home buyers consider move-in conditions to be very important when searching for homes.

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