What do first time home owners want?
According to a Bank of America study,
most first time buyers want a single family home in the suburbs. For both selling and renting, that is the market I want to be in, selling and renting single family homes in the burbs, the same place the majority of buyers want to be.
http://info.bankofamerica.com/assets/pdfs/BOA-Home-Loans-Report-FINAL.pdf