Morning Minute: A changing market for first-time homebuyers

First-time homebuyers are an important part of the housing market, but as inventory shrinks and the market recovers, those who are thinking about buying need to move now as prices and demand rise, say Rockford Area REALTORS®.

In a segment on Rockford’s WREX-TV, Rockford Area REALTORS® Association CEO Steve Bois said homes in the price ranges most attractive to first time buyers are seeing a lot of activity and a somewhat depleted inventory these days.

In other news:

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.