First-Time Buyers Take Larger Share of Home Sales in March
Real Estate Buyers: This is Your 11th Hour! First-time homebuyers have been making up a large share of home sales in Tampa, Florida and across the nation. The extension of the First-Time Homebuyers Tax Credit has been a huge factor in this equation. According to HousingWire’s article First-Time Buyers Take Larger Share of Home Sales in March , first-time homebuyers accounted for 48.2% of all home purchases in the month of March, which was greater than the previous high of 46.9% last October 2009. Thomas Popik, research director for Campbell Surveys stated “The strong participation of first-time homebuyers this spring is a welcome surprise. Many observers had felt that the pool of first-time homebuyers had been depleted last fall, but this is turning out not to be the case. Instead the normal spring-summer buying season is combining with the tax credit to produce blow-out results for first-time homebuyers.” SI Real Estate has seen first-hand the enormous affect of the extension of