Tuesday, Aug 14, 2007
FTBs can't and won't pay more...
Yahoo: First-time buyer numbers drop
The number of people looking to buy a new home fell at its fastest pace for three years during July as consumers speculated that the market may have peaked, figures show.
The Royal Institution of Chartered Surveyors (RICS) said inquires from new buyers dropped at the fastest rate since August 2004 last month, while the number of unsold properties on surveyors' books rose to the highest level since the beginning of the year.
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