First-Time Home Buyers Stoke Demand for Smaller, Less Expensive Homes

Hello, Valued Member! Top 5 in Real Estate Network® Members are dedicated to providing you with the most up-to-date, helpful real estate information. This monthly newsletter, "Real Estate Matters," offers articles on a range of topics that will inform you in your real estate pursuits.

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Buying

Selling

Darryl Baskin

Broker Associate
McGraw Realtors
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Member, Top 5 in Real Estate
Phone:	918-258-2600
Cell:	918-740-0077
Fax:	918-398-5110
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This month’s newsletter provides a detailed look at first-time home buyers and the changing landscape of homes in demand. Real Estate Matters also explores strategic default and what you need to know, advice for home sellers, remodeling update and more. Top 5 Members are uniquely qualified to not only help you get educated on these matters, but make them as effortless as possible. Only Top 5 Members can provide you with the kind of exclusive information found here in Real Estate Matters - a monthly look at what's really happening in the housing market. It's a privilege to provide you with this important information. Enjoy this monthly e-newsletter, and as always, your feedback is welcomed - call or email any time!

This Month's Top Story

First-Time Home Buyers Stoke Demand for Smaller, Less Expensive Homes

RISMEDIA, November 1, 2010—A growing segment of the housing market—first-time home buyers—are contributing to an increase in demand for smaller and less expensive new homes, according to research from economists at the National Association of Home Builders (NAHB). Delving into data from the most recent biennial American Housing Survey, which was conducted by the Department of Housing and Urban Development and the Census Bureau in 2009, the study, “Characteristics of New and First-Time Home Buyers,” finds that 41% of the 8.4 million households who bought a home between 2007 and 2009 were first-time buyers.

More Top Stories
	Strategic Default - What You Need to Know Before You Decide to Walk Away RISMEDIA, November 1, 2010—(MCT)—The moving truck pulled away from the curb, loaded with Wallace Farmer’s possessions. He locked the front door for the last time and left town—clutched by a long-simmering anger that finally gave way to relief. Farmer didn’t sell his Baltimore house, worth far less than the $180,000 he paid in 2006. And he didn’t lose it to foreclosure. He walked away from the rowhouse and the mortgage. It’s the bank’s problem now.
	Be Market-Smart: Dos and Don'ts for Home Sellers and Buyers RISMEDIA, November 1, 2010—It would be unrealistic to say that the real estate market is utterly rosy right now, but neither is it thorn-filled by any means. In fact, things are decidedly looking up: July got some good news, when the National Association of Realtors reported that pending home sales rose 5.2% from downwardly revised June levels, beating economists’ expectations. This is good news for both buyers and sellers.
	Home Remodeling Projects Stabilize in 2010 RISMEDIA, November 1, 2010—The fall 2010 U.S. Remodeling Sentiment Report shows that after a year of steady remodeling declines in 2009, the interest in remodeling stabilized in 2010. However, the size and scope of the remodeling projects are much smaller when compared to 2007/2008.
	Bedroom Design Ideas for Better Sleep and Comfort RISMEDIA, November 1, 2010—Creating a relaxing and comfortable bedroom environment is an important part of getting better sleep. Bay Area interior designer Lisa Staprans offers these interior design ideas for bedroom designs that enhance sleep and rejuvenation.

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