Friday, Jun 02, 2006

First time buyers now at all time recorded low

Firstrung: First time buyers market share now shrinks to 7.9%

7.9% is the new nadir, however, according to Firstrung stats., those able to buy are at 25-30%. Is the first time buyer therefore just not sailing on the ship of fools and waiting patiently for the unholy mess to finally unwind?

Posted by Converted Lurker @ 01:33 PM (492 views)
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1. uncle tom said...

This is an almost unbelievably low figure

One swallow doesn't make a summer, and I'm not going to make derivative predictions on the basis that one published stat is gospel.

However, if true, there must be some new influence at work - have the lenders suddenly changed tack?

Friday, June 2, 2006 03:10PM Report Comment

2. tyrellcorporation said...

Quite incredible eh! Maybe we're are looking at a new paradigm... Zikes!

...or maybe it's all going to crumble.

I remember in the late 80's everyone whittering on about a house 'being a home and not for investment'. It's now almost totally an investment!

Friday, June 2, 2006 04:05PM Report Comment

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