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Housing: "First-time buyers and investors" are "market’s lifeblood"
From three DataQuick reports on Las Vegas, Miami and Phoenix ... Las Vegas: In September, a popular form of financing used by first-time home buyers – government-insured FHA loans – accounted for 53.8 percent of all home purchases, up from 52 percent in August . Absentee buyers bought 40.4 ...
Las Vegas Home Sales Report
dqnews.com — Las Vegas September Home Sales Joining much of the West, Las Vegas bucked the seasonal norm and... logged higher home sales in September than in August – something seen only three other times in 15 years. The median sale price held at $130,000 for the ... (more) Las Vegas Home Sales Report
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First Time Home Buyers and Investors Dominate the Housing Market
Fund My Mutual Fund — Via Calculated Risk blog, some examples of how dependent the market is on first time home buyers and investors.  Now that we have a new (and improved) tax credit of $6500 rolling through Congress to the "move up" buyers we'll see if government can incentivize that class to start daytrading homes as well.  The only issue is so many of them are underwater on their homes, [ ...

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