The Real Deal Miami

First-time buyers create market niche

May 07, 2009 01:18PM

Homes that were out of reach during the housing boom are now fair game for first-time buyers, thanks to lower prices and federal tax incentives. Area prices are down 34 percent since last year and nearly 50 percent from the height of 2005, which makes purchasing possible for those priced out of the market during its peak, said John Diaz of First Nation Realty in West Palm Beach, which holds seminars for first-time buyers.