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First-Time Homebuyers In DFW Bucking National Trend

DALLAS (CBSDFW.COM) – National statistics show the number of first-time homebuyers decreased by 35 percent last month.  But realtors in North Texas say it’s a different story here.

Ebby Halliday realtors estimate about half of their buyers are first timers and they say that reflects a healthy market.

“Dallas has fared better than most other cities in terms of real estate and even, drilling down further, certain neighborhoods in Dallas like Lake Highlands, have even shown some appreciation,” says Robin Moss Norcross with Ebby Halliday.  “We’re still seeing a very healthy first time homebuyer population,” she says.

Another factor that could be responsible for decreased home sales nationally is tighter lending standards.  The National Association of Realtors says loan underwriting standards are overly restrictive and could be holding back the economic recovery.

Comments

One Comment

  1. PoorJoe says:

    I’m waiting for the economy to sink so badly that my wife and I will finally be able to afford a home. We can only save up toward a $70,000 loan, so when the market absorbs the nicer homes toward falling into our price range, we can clean up!

    So, we’re very happy with the fumbling of President Obama and congress. They are setting the housing market up real fine for those of us who can’t afford to pay market price, and instead can only afford the real price of a home, before the greed set in and sent things spiraling!

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