First-time homebuyers leading market back
Monday, Nov 16, 2009
First-time homebuyers leading market back
By Les Christie, CNNMoney.com staff writer
Housing recovery is being propelled by affordability, bringing entry-level buyers back into the market.
NEW YORK (CNNMoney.com) -- Propelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.
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