FHA, distressed sales take larger role in market, report finds

More homebuyers have begun relying on Federal Housing Administration-insured loans, according to the most recent Realtors Confidence Index, released by the National Association of Realtors today. As many as four out of 10 homebuyers last month relied on FHA financing, according to the report, while the amount of buyers qualifying as first-time buyers reached 51 percent. Distressed home sales are also playing an increasingly large role in the market, with 33 percent of all sales qualifying as distressed, according to the report. TRD