Here are some other statistics:
--> 19.6% of prospective buyers say foreclosure bargains in their communities would motivate them to purchase a home.
--> An additional 15.5% said they're motivated to buy soon because they think prices are as low as they will go
--> An another 15.5% said they're motivated to buy before interest rates rise.
--> 14.6% of first time homebuyers say that the $8,000 Federal tax credit is the motivator to purchase a new home in the future.
--> 66.3% surveyed said they are not likely to consider buying a foreclosure in the future.
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