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First-time home buyers have lofty expectations

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The main concern of first-time home buyers might be affordability, but their expectations are higher than what they can afford, according to a survey by Coldwell Banker Real Estate LLC.

The online survey was conducted among 150 Coldwell Banker brokers nationwide about trends real estate professionals are seeing with first-time home buyers.

The survey showed that while nearly half of the respondents reported that affordability was the chief concern for first-time home buyers, 81 percent said today's first-time home buyers also consider move-in conditions to be very important.

Only 7 percent are looking to purchase "fixer-upper" homes that they could buy at a lower price and renovate themselves.

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Biography

Todd Fugere

Director of Client Services for Blogging Systems.

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Real Estate Career Connection Group