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16 07, 2013

Different buyers in 2011 vs 2010

By |2013-07-16T17:00:47+00:00July 16th, 2013|Categories: Uncategorized|0 Comments

The first half of 2011 couldn’t be more different than the first half of 2010 in terms of home buyer profiles. In early 2010, the homebuyer tax credit was the primary impetus for home purchases. Many buyers accelerated their purchases to close within the first six months of the year. There is also indication that people looking to wait until 2011 to buy may have moved up their purchase by a full year to take advantage of the tax credit. In early 2010 houses priced below $150,000 were selling rapidly. These houses needed to be renovated on par with higher