In the current market for Naples homes, time truly is of the essence. Homes that once commanded a 200,000+ price tag can be had for nearly half that price and the people responsible for this are none other than first time buyers.
Numbers show that first time buyers were responsible for a little more than half of the home sales that occurred in the month of March. This figure is actually higher than the typical forty or so percent and reinforces the dominance first time buyers have in the existing market. Analysts believe that these figures will further increase as the year progresses.
Low prices for Naples homes, buying incentives, all of these factors continue to spur first time buyers in spite of the issues that remain a problem like foreclosures and the continued uncertainty of when prices will stabilize. Even with these problems, people who could only dream of someday owning their home are now seeing their dream become a reality.
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