Its not surprising the first-time home buyers worry about getting a loan. It may surprise you that they worry home prices may go up in the next six months.
A survey of 1,000 first-time home buyers conducted in early March reveals some other interesting facts. InmanNews reports that the survey conducted for Century 21 Real Estate LLC, also shows:
- 42% say they are comfortable buying today
- 48% say they are waiting for prices to go down
- 69% say they are worried about prices going up if they don't act soon
- 85% say current home prices are affordable
- 75% think it is difficult to get a loan
- Only 41% were aware of the $8,000 first-time home buyer tax credit
- 77% said the tax credit makes them more likely to buy a home in the next six months
If you are a Southeast Texas first-time home buyer let me know what you worry about. Ask me for a free home buyers guide. It may help answer some of your questions and take the worry out of buying your first home.
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