While sales of existing homes declined 1.3% in January from a year ago, the percentage of first-time homebuyers increased during that period, according to the National Association of Realtors (NAR). 32% of home sales were among first-time homebuyers as compared to 29% a year ago.
Posted by Jeffrey Richmond
Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.
