An article in The Boston Globe previewing the upcoming Spring real estate market, besides predicting a lousy Spring season for home sellers, suggests first-time home buyers have a chance to get a great deal.
"But real estate agents and analysts said the soft market presents the best opportunity in years for first-time home buyers. First-time buyers do not have to sell a house in a sluggish market before they are able to buy.
"With the supply of unsold homes rising, buyers have strong leverage in negotiating prices."
Add the above to low interest rates, and first-time home buyers have a great opportunity over the next several months (Latest Massachusetts sales data).