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More First-time Home Buyers Enter Market

Posted by Jolenta Averill on Wednesday, March 4th, 2009 at 11:17pm.

affordable Madison WI homesA survey of agents in the HouseHunt network shows that first-time home buyers accounted for 65 percent of all buyers, up from 46 percent in the first quarter of 2008. 

HouseHunt CEO Michael Bearden said he believed the trend would continue for the remainder of the year. Typically, first-time buyers account for about 40 percent of the market.

“Our latest national survey tells us that qualified first-time buyers are taking advantage of home prices not seen in five to seven years in many areas,” he said. “Affordability is no longer a major issue in many areas across the country – especially in those metro areas where prices spiked dramatically between 2003 and 2006.”

Please visit our Madison homes under $200K page to see daily updated prices and listings for some of Madison's most affordable homes! Or call broker owner Jolenta Averill at (563) BUY-SOLD (563-289-7653) to request a custom report and to receive automatic email alerts.

Hi, and welcome to our Madison real estate blog. Whether you're a consumer, journalist or Realtor, we encourage you to share your thoughts by leaving a comment. Here you'll find relevant local and national real estate information, as well as market statistics, insight, and information about a variety of neighborhoods and real estate listings. If you'd like more information about anything in particular, please use the contact form and I'll be happy to help.

Jolenta Averill, Principal
Lake & City Homes Realty
(563) BUY-SOLD

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