The buyers I am working with right now are a mix of people. All are owner occupied, some are first timers some are people who sold within the past few years and have been renting. A few a military, some are teachers and other state/county employees. Some are engineers, some are biotech, a couple in legal and medical as well. Most have 20 percent down, a couple are fha.
Some want to buy immediately and others are hoping for more depreciation. All of them are very frustrated by the market right now. Making a generalization about the purchasing power of potential buyers is a huge error. People don’t even need to ask out loud who is buying as we have had many posters on this very board make purchases in the last year. After all, we are spposed to be the smart ones right?
