Future of Real Estate in Hands of First Time Home buyers
First time home buyers are in the best position to kick start real estate as they do not have to worry about selling their current home at a loss and mortgage rates are STILL at historic lows..
The only way to kick start the real estate industry in the US is for people to start buying homes. Problem is too many people are sitting on the sidelines for a variety of reason and this is contributing to the current slide in real estate values. In order for this downward trend to stop and home prices to stabilize and start to rise again, somebody needs to start buying homes.
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