The First Time Buyer Is Back!


The First Time Buyer Is Back!
By Scott Rogers • May 17, 2016
Between 2001 and 2004, the number of duplex / townhouse / condo sales increased drastically from 203/year to 644/year. Many of these sales were first time buyers, eager to latch onto the rapidly increasing home value trend. Between 2005 and 2011, the number of buyers per year dropped just as significantly, all the way down to 179 buyers per year in 2011. Now, however, we have seen a steady increase in duplex / townhouse / condo buyers over the past four years --- and much of this increase is a return of the first time buyer. Low interest rates, and home values that are not declining any longer, have both drawn first time buyers back into the market again in larger numbers than in some recent years. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 23, 2024 (unless otherwise noted).
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