What's become apparent, especially now, but over the last year is that first-time homebuyers continue to play a bigger role in the Portland real estate market. In fact, the National Association of Realtors (NAR) recently stated that first-timers increased their national share from 36% in 2006 to 41% in 2008.
Until present homeowners can consistently sell their homes to become "move-up" buyers, this trend will probably remain. This is also reinforced by a major incentive: the new $8000 tax credit offered in the stimulus package for first-time homebuyers if they buy a home by December 2009.
This is link explaining the $8000 first time homebuyer tax credit.
And here is a news report featuring first time homebuyers in Florida, their motivations, and their challenges.
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