First time buyers want to buy now.

March 31st, 2009 6:56 PM

More than three-quarters (78 percent) of potential first-time homebuyers say that now is a good time to buy a home, despite widespread concern about the economy, according to a Century 21 First-time Homebuyer Survey.  Out of the 1,000 prospective U.S. first-time homebuyers surveyed in early March, 68 percent think now is a better time to buy than six months ago.
 
Prices are the driving motivation for potential first-time homebuyers with more than eight of ten first-time home buyers (85 percent) saying they consider current home prices affordable and 73 percent citing that taking advantage of current prices is a major factor in their decision to buy. Interestingly, potential first-time buyers are still split between "being willing to consider an offer now" (42 percent) and "waiting for prices to go down before they seriously consider making a purchase" (48 percent).

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