A survey of 150 Coldwell Banker real estate brokers revealed that affordability is the prime concern for first-time home buyers. Eighty-one percent of brokers reported that first-time buyers consider move-in condition to be very important in their home search while 7 percent reported first-time buyers are seeking "fixer-upper" properties.

About 71 percent of broker reported that first-time buyers are seeking larger homes now than buyers a decade ago, and 41 percent reported that proximity to the workplace is a top attribute that buyers are seeking. Thirty-five percent of brokers reported that investment is the top reason that first-time buyers are purchasing and 46 percent reported that first-time home buyers view an average of five to 10 homes before making a purchase.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×