Will The Housing Market Recover Quickly? First-Time Homebuyers Certainly Think So.
by Howard Turoff
One of the things Lori and I are proud of is that all of the posts on this blog represent our original thoughts. We don’t buy canned, generic blog articles and we post only items of specific interest to Hoboken. (We wouldn’t deserve the name HobokenRealEstateNews if we didn’t.)
Something caught my eye today on Trulia, and I thought it was worth sharing. Trulia had a poll about buying real estate asking first-time homebuyers when they plan to jump into the market. I found the results surprising:
Less than six months: 48.1%
Six to 12 months: 26.9%
12 to 14 months: 10.2%
Renters for life: 14.8%
Considering that this is a national poll, and that the Hoboken market is healthier than many (most) other parts of the country, I found this to be pretty encouraging. What do you think? Will the Hoboken real estate market rebound quickly?