37% of home buyers in 2011 were first time buyers; in 2010, 50% of home buyers were buying for the first time.
In 2011, 35% of home buyers took their first step in the home buying process by looking at properties online.
About half of home sellers in 2011 traded up to a larger-sized and higher-priced home and 60% purchased a newer home.
Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or a washing machine. Land will double its value in ten years. In less than that. Land is going up every day.
-SAM SHEPARD, Curse of the Starving Class
Still struggling with whether or not you should buy right now? Take it from the experts–in the last month, four of real estate’s most influential resources have published articles announcing that now IS the time to buy!
Forbes Magazine: The Next Mortgage Crisis
Wall Street Journal: It’s Time to Buy That House
MarketWatch.com: Now Might Be the Best Time Ever to Buy a Home
JP Morgan Market Insights: Housing: A Time To Buy
[Image via The KCM Blog]