First-home buyers and investors now neck and neck

Tue, 16 Apr 2019

By Jenny Ruth April 17 (BusinessDesk) - First home buyers are increasingly making their presence felt in the housing market as buying by investors needing a mortgage remains depressed, according to CoreLogic figures. The two groups of buyers now match each other in terms of percentage of sales at about 24 percent each nationwide. That’s up from first-home buyers accounting for just 18 percent of sales in the first quarter of 2014. Buying by investors needing a mortgage has dropped from a peak at 28 percent in the third quarter of 2015....

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