Sales to first-time home buyers fare best in tough quarter: Genworth

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The best advice is to look at buying a home as a lifestyle investment, and only secondly as a financial investment.. Central Valley Jobs, Central Valley Property, Central Valley Short Sales, First Time Home Buyer, Lathrop bank owned homes, Lathrop Real Estate, Loan Modification, Manteca Real Estate, Posted in Central Valley Homes, First.

The slowdown in the first-time homebuyer segment was less pronounced as compared to other buyers, however. For example, home sales to repeat buyers fell by six percent year over year, and sales to cash buyers were down by seven percent. This is a reminder that first-time homebuyers differ from other buyer groups in terms of why they buy.

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Additionally, based on search data, millennials in these markets are very interested in buying a home. In the first quarter, they accounted for 25 percent of views, higher than any other age group. However, low inventory levels and high prices are making it tough for these would-be buyers.

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 · Someone buying a £500,000 home in London would pay £15,000, This is Money’s stamp duty calculator shows, while someone buying a £1,000,000 property would pay £43,750.

Home prices in the Buffalo-Niagara Falls area have reportedly remained steady thus far in 2009, though sales activity has fallen roughly 20 percent from 2008 levels. Contacts in both upstate New York and northern New Jersey note that the new tax credit for first-time home buyers has spurred at least some interest among potential buyers.