Few people looking to buy new homes

November 11, 2009 12:40:43 PM PST
Are you thinking of buying a house? If so, you may not have a lot of competition.

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A new survey found that just 5 percent of Americans plan to buy a home within the next year.

Those likely home buyers are typically 34 years old or younger.

Most live in the West or South.

The Move.com survey found that 25 percent of potential buyers say they believe home prices have bottomed out and that is the top reason they would buy now.

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