This week’s Market Matters releases some figures of the home buyers of 2009 , very interesting findings, below are some headlines :
- Home buyers who purchased a REO or bank-owned property experienced the highest level of difficulty in obtaining financing.
- Forty-nine percent of all buyers purchased a home through a traditional market sale, while 38 percent purchased a REO/bank-owned property
- Sixty-eight percent of buyers said price decreases motivated them to buy a home, while 39 percent reported low interest rates helped them move to a better location.
For details of the entire story, please read: http://www.sacbee.com/topstories/story/2008114.html