Industry NewsMarkets & Economy

Most 2009 buyers may be first-timers

Move Inc. survey shows pent-up demand
Published on Mar 24, 2009

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Nearly 80 percent of Americans don't expect to buy a home in the next five years, but more than half of those that do plan to buy this year would be first-time homebuyers.

That's according to a survey commissioned by Realtor.com operator Move Inc., which also found one in five homeowners with mortgages have contacted their lender hoping to restructure their loans. About half said they'd succeeded.

Comments