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Friday, November 13, 2009

Number of first time home buyers rose to 47% this year

According to a study, first time buyers had a bigger share in the housing market this year. First time home buyers rose to 47% of all home sales. In the past few months, home sales have raised due to cheap foreclosure properties. Both investors and first time buyers have jumped into the market to take advantage of the discounts. One more advantage for first time buyers is Obama administration has provided tax credit facility.

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