MONTGOMERY, AL (WSFA) -- "It is exciting and scary at the same time," says Rachel Williams.
Bryan Farquhar and Rachel Williams are embarking on a new adventure. They're buying their first house.
"There's a lot out there so it's kinda hard, now we just gotta find the right one," says Rachel.
They're not alone. Realtors say the housing market is mending quickly--thanks to young buyers like Bryan and Rachel.
"We're seeing people in their twenties, early thirties," says Coldwell Banker realtor, J.R. Towne.
They're cashing in on low rates and an $8,000 dollar tax credit Congress passed for first-time home buyers.
"It was kinda icing on the cake," says Rachel.
The tax credit is available to first-time home buyers. Those who haven't owned a home in the last three years are also eligible.
Realtors say 83% of home closings in the River region this year have been for houses under $200,000 dollars.
"We have a tremendous amount of first time buyers out," says Towne.
More first-time home buyers help build a stronger market.
"When a first-time homebuyer buys a house, that person sells it and moves up. When he moves up it causes two more moves, so it makes the market spread," adds Towne.
It's a rejuvenation realtors say could get the market moving again with buyers like Bryan and Rachel stepping out and encouraging others to do the same.