Renewed interest from first time buyers

[DanAronG]

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The National Association of Estate Agents (NAEA) has stated that the number of first time buyers (FTB) looking to purchase a home has increased considerably in the first two weeks of 2009. 22.5% of registered buyers were FTB, up from 10% in December 2008.

Although this shouldn't be taken as a sign that the housing market is entering a recovery, it is certainly a positive note and can be seen as a sign of increased consumer confidence.
It will be interesting to see what this does to mortgage loan figures over the coming months.

[Mogga]

Just in time for Ed Balls to say we're entering the worst depression in over 100 years.