Sherwood Real Estate | The Hasson Company

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Annually the National Association of REALTORS® surveys home buyers and sellers in an effort to gather detailed information about the home buying and selling process.  One section of the 2009 report provided some interesting data on first-time home-buyers.  In 2009, first-time home-buyers hit an all time record high with more buyers being first time buyers than in previous years.   Shocking?  Not really, especially due to the surge brought on by the very successful $8,000 First-Time Home-Buyer tax credit first set to expire in November, 2009 - now extended through April 30th, 2010 with a generous expansion to include a $6,500 credit to Repeat/Move-up Buyers - both with a deadline fast approaching. 

In any case it's interesting to see the numbers put in perspective - and a great opportunity to gently remind us that there's barely 60 days remaining to find your perfect dream home, be in contract before the April 30th deadline and line your pockets with thousands of tax credit dollars before the first time buyer and repeat buyer tax credits expire for good!

Here's a snapshot of the First-Time Home-Buyer 2009 Report Highlights....

Percentage of First-Time Home-Buyers

• 2001: 42% of buyers were first time buyers
• 2002: Not listed
• 2003: 40% of buyers were first time buyers
• 2004: 40% of buyers were first time buyers
• 2006: 36% of buyers were first time buyers
• 2007: 39% of buyers were first time buyers
• 2008: 41% of buyers were first time buyers
• 2009: 47% of buyers were first time buyers