Sunday, Jan 20, 2008
Week in focus
Firstrung: Firstrung, first time buyers, the weeks' news in focus
Is there ever a 'good' news week for the mortgage and property 'industry'? Take that a stage further is there ever a 'good news week' for the first time buyer? The NAEA reported this past week that FTBs are making some kind of comeback; apparently FTB numbers recorded at estate agents are up from lows of 10% to mid 13%... However, is this enquiries only, or are FTBs piling into the housing market at the first signs of weakness, busily hoovering up bargains? We'll answer that for them, it's enquiries not purchases and their FTB records only relate to the new enquiries from potential clients with nothing to sell, who are not necessarily first time buyers.
Posted by converted lurker @ 11:58 AM (316 views) Add Comment
1 Comment
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1. monty032 said...
Could this 'increase' be because buy-to-let buyers have almost disappeared, leaving first-time buyers as a larger proportion of a smaller cake? I can't tell as there is no link to the underlying statistics.