Yes, absolutely. First-time buyers are feeling the crunch and stress to purchase a home. Many have money set aside for their down payment, but are having a difficult time getting their offer accepted due to the competition. It isn't their fault that they can't find a home, there just is not enough quality inventory to support the demand. My clients are up to their 15th offer and are up against all-cash buyers and buyers who are willing to go higher than their limit. I have other clients who are almost ready to go, but now are feeling frustrated because they are going to be left behind and not be able to get the credit they will need to maybe fix up the home once in it. The clients that have been able to purchase a home and get the credit are really grateful for it. They have been able to do the fixes that the previous owner could not or would not do. It also allowed they to "drain" their savings to purchase their home and know they would still have money coming back that would give them a little cushion. This is the best economic stimulator we could possibly have. When a home is purchased, MANY people get paid, not just the realtors and brokers. Companies like Home Depot, Bed, Bath & Beyond, Sears, Lowes, Best Buy, furniture companies, etc, all benefit.