First Time Homebuyers Likely to Buy

According to survey results from a poll conducted for one of the large real estate franchise companies, potential first-time U.S. buyers said they are likely to buy a home in the next two years.

Record low mortgage rates and a new first-time homebuyer tax credit are large incentives, despite obstacles that include greater difficulty getting loans approved.

All of the 1,000 potential U.S. homebuyers surveyed in an online survey said they were likely to buy a house for the first time in the next two years.

More than three-quarters of those polled said this is a good time to buy a home, and almost 70 percent said now is a better time than six months ago, and more than three-quarters of those polled said the $8,000 federal tax credit makes them more likely to buy a house in the next six months.