This is the Year of the First Time Homebuyer

I my posts of March 2nd and 23rd, I wrote about comments from industry leaders noting that for the first time in a very long time, first time buyers have a "shot" at entering the home ownership arena.  Today's NY Times article echoes this sentiment.  With inventory priced more affordably and interest rates at historic lows (especially for conforming loans), now is the time to buy.

Here in NYC, the article points out that smaller apartments with smaller price tags are "hot".