Second-Quarter Real Estate: First-Time Buyers Flood the Market

While some experts are wary about the long-term success within the real estate industry, housing sales continue to rise. With a more balanced market, real estate agents continue to turn a profit. Because of the stable job market and decrease in interest rates, those who were unable to invest in real estate due to financial struggles are now able to purchase property. Most of the transactions for firms such as The Corcoran Group have been from entry-level buyers who account for 30% of sales. As real estate continues to boom, only time will tell if this is a permanent recovery.

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Spring is traditionally the time when real-estate inventory loosens up a little bit as sellers wake from their winter slumber and put their apartments up for sale, says appraiser Jonathan Miller. ...

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POSTED July 05 2013 12:17 PM

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