First-Time Homebuyer Activity, FHA Financing Tumble in August, New Survey Numbers Reveal
September 23, 2010
After dominating the home purchase market for much of the past year, first-time homebuyers have staged a hasty retreat this summer. And the use of FHA financing in the home purchase market is taking a hit as a result. According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, the first-time homebuyer share of new home purchase transactions sank to...