Thursday, July 23, 2009

Rookies, investors snap up homes

Home prices have fallen dramatically and are now starting to stabilize. That, combined with tax incentives offered to first-time homebuyers, is persuading more buyers to get off the fence. Sales are increasing in most markets across the country. The median sales price in the area was $141,100, up from $135,200 in April but down 20 percent from $176,100 in May 2008, according to the most recent data from the Florida Association of Realtors. So, who are these buyers? And what do they want? A survey on homebuyer sentiment released by Zillow .com sheds some light.

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