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WALTHAM, Mass. – A new study on Massachusetts home buyers and sellers found that over 50 percent of all homes purchased in the Bay State in 2009 were made by first-time home buyers (compared to 47 percent nationally).  This is up five percent from 2008.  The data is from the 2009 Massachusetts Profile of Home Buyers & Sellers, compiled by the National Association of Realtors® (NAR), on behalf of the Massachusetts Association of REALTORS® (MAR).

 
“The study echoed what many members had been hearing from their clients that the combination of more affordable prices, historically-low interest rates and the availability of the first-time home buyer tax credit all worked together to get first-time home buyers back into the market,” said 2010 MAR President Kevin Sears, a broker/co-owner of Sears Real Estate in Springfield.  “At the same time, because it was a buyer’s market in 2009, the study found that over 90 percent of home sellers chose to work with a real estate broker to help sell their home.”