First-Time Homebuyers

More first-time, energy-conscious, urban home buyers with smaller households have contributed to a noticeable reduction in home size as shown in 2008-2009 housing Census data. Concurrently, lower-priced home sales outpaced more expensive homes.

The Center for Public Integrity runs the numbers, and finds that Americans are cashing in on "Cash for Clunkers" at a rate of $77 million a day, vs. $39 million for the first-time homebuyer credit.