Wednesday, May 20, 2009
First Time Buyers (?) sucked in
Mortgagestrategy: John Charcol sees sharp rise in first-time buyer activity
Confidence started returning to first-time buyers at the beginning of this year shows the John Charcol Index, the monthly mortgage activity monitor from the mortgage adviser. The index reveals a sharp increase in the proportion of purchases made by first-time buyers in the first four months of this year, with that proportion being three and a half times higher than in the previous four months. First-time buyers represented just over 4% of the market in October 2008 and 5% in December 2008. But for the first four months of 2009, first-time buyers accounted for roughly 20% of all new mortgage cases.
Posted by jack c @ 05:11 PM (324 views) Add Comment
1 Comment
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1. crunchy said...
House sold subject to contract....
Prices don't drop in the near future.
House sold, house for sale again.
The life of a chancer, but all is fair in price wars. Burning Charcol!