Today's homebuyers are a lot different than those of the past.
Gone are the days when first-time buyers were mostly married, with kids, and had previously rented.
No longer is it as easy or desirable to borrow from banks for everything, instead of saving up or getting help from family for a down payment.
And instead of getting away from family and moving to the ci…
Don't expect the shortage of homes for sale to end anytime soon.
And that means more bidding wars for attractive homes, and more upward pressure on home prices.
That's the verdict of one of the nation's leading housing researchers, who blames the dearth in inventory on the inability of builders to put up new homes at prices that first-time homebuyers can afford.
Joan Smith was tired of house-hunting.
The 39-year-old schoolteacher and her husband, Paul, had been searching for a new home in the suburbs last year, dragging their two young kids around with them through Lancaster, Clarence and Tonawanda.
They had already looked at about 20 homes and lost out a couple of times when their bids came up short. So when they found a ho…