First-timers are fastest-growing segment 
Part 3: Survey shows shrinking market for second homes, move-ups
By Matt Carter, Tuesday, February 2, 2010.
First-time homebuyers not only account for the largest share of home sales in many markets, but represent the fastest-growing segment of home sales in nearly half of those markets, brokers surveyed by Inman News report.
Second homes and move-up homes, on the other hand, are the most rapidly shrinking segment of their business, brokers responding to the survey said.
Homes sold to first-time buyers made up the largest share of home sales for 37 percent of brokers surveyed by Inman News from Oct. 16, 2009, to Jan. 12, 2010.
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