First-time home buyers
Local agents say they're seeing a lot of first-time home buyers. This isn't too surprising, since it's an advantage nowadays to not have a home you have to sell first -- plus there's the $8,000 tax credit, an enticement for some first-timers.
But I've been wondering just how much of the Baltimore-area market is made up of prospective homeowners.
When I asked Joseph T. "Jody" Landers III with the Greater Baltimore Board of Realtors, he said: "I've been hearing figures like 50 percent."
That would be high for the metro area. Nationally, the average hovers around 40 percent. And last year, 40 percent of Baltimore County buyers were first-timers, according to National Association of Realtors data that Landers provided to me.
But the city, with its lower prices, always attracts a lot of new buyers: They were 65 percent of the city's housing market last year.
If you're a first-time buyer (or thinking of becoming one), what factors made you decide to make a move? If you've thought about buying and opted against it, what issues turned you off?