Tag: percent of first-time home buyers

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More Than One-Third Of New Home Sales Were First Time Home Buyers

More than one-third all home buyers were first-time home buyers and nearly all of them used a real estate agent. Additionally, only eight percent of the most recent home sales were “For Sale By Owner Transactions.” Overall confidence of agents is overwhelimg, and more than 88 percent of buyers would recommend their agent to others or use the same agent for another real estate transaction.