Home purchase finance trends
The 2011 National Association of Realtors® Profile of Home Buyers and Sellers recently surveyed 5,708 home buyers and sellers and discovered that the percentage of home buyers using mortgage financing is on the decline and that there is a major difference between where first time and repeat buyers come up with down payment funds.
Additionally, the profile revealed that fewer home buyers believe their home purchase is a good investment, but this year, first time buyers had more faith in their purchase as a good investment than repeat buyers, a major trend reversal.
13 graphs charting home purchase finance trends
