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- First time home buyers have recently declined to 34 percent of the total market of Existing Home Sales, down from a normal 40 percent, according to the most recent REALTORS® Confidence Index.
- REALTORS® have reported a number of instances of investors outbidding prospective first-time buyers for discounted foreclosures by offering cash and accelerated closings.
- In some real estate markets distressed property is reported as being absorbed relatively quickly—although at a significant discount--by the Existing Home Sales markets.
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