David Cooper http://www.lasvegaswinner.org Â Campbell/Inside Mortgage Finance HousingPulseTrackingÂ survey, the first-time homebuyer share for home purchases was found to be 34.7 percent in October. The figure is a decrease from 37.1 percent in June and the lowest share in the surveyâ€™s three-year history.
The decrease coincides with a significant rise in purchases for non-distressed properties.
HousingPulse data revealed the share of purchases for non-distressed properties rose to 64.7 percent in October, an increase from 55.7 percent in February. The October share for non-distressed property purchases was also the highest level HousingPulse has recorded.Â http:// Â Â Â Â Â bit.ly/V06on6Â
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