Real Esate Blog

November 26th, 2008 12:17 AM
So, who is buying in this strained market? Well, it is not the investors, the flippers, the people moving up or even 1st time buyers. While these groups dominated the market form the 90's through 2006, that is not the case anymore. According to an article I read and agree with, there are several groups making up the large majority of buyers in the current market. 1. People with kids just starting school or high school, looking to get into the best schools. 2. People being transferred for a new job position. 3. Apartment dwellers with growing families needing more space. 4. Retirees moving to a better climate or closer to family. 5 Divorce and separation people moving out of co-habitation. This is certrainly different from the past years. These have always been good reasons for a move but used to be the minority reason. I guess the minority has become the norm. What a change.

Posted by Phil Turner on November 26th, 2008 12:17 AM

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