Most 2009 buyers may be first-timers

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.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.