First-time homebuyers & Distressed Housing Demand

May 24, 2011

by Scott Sambucci

2 comments

RE: “Greasing the skids? Putting numbers to the FHA’s anti-flipping waiver” and “The Semaphore of House Flippers

Always nice when the data validates our theories, which are based on data.

As reported in DSNews today – “Survey Finds First-Time Buyers in Short Supply to Absorb Distress

“… a common business model for investors has been to buy damaged properties, renovate, and sell the properties to first-time homebuyers, but increasingly, investors are being forced to put renovated properties out as rental units as demand from first-time buyers drops.

“Survey respondents in April reported that potential first-time homebuyers are having trouble finding foreclosed homes in move-in ready condition…”

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