A recent report from New Western has found that single-family real estate investors could play a key role in solving the nation’s housing shortage by fixing up unlivable homes and putting them back on the market.
Read More »May’s Existing-Home Sales Post Minor Gains
NAR reports that existing-home sales recorded a slight gain of 0.2% to a seasonally adjusted annual rate of 4.3 million units.
Read More »Surge in Home Values Found in Family-Friendly Metros
Home values in ZIP codes with a higher share of children are growing faster than homes elsewhere due to demand from millennials.
Read More »The Fluctuating Trend with First-Time Homebuyers
What factors are limiting first-timers from moving forward with the home buying process once it is started?
Read More »Declines in Inventory Create Setbacks for Homebuyers
An already-low nationwide single-family housing inventory dropped even further in October, which is expected to create challenges for first-time buyers in the coming year.
Read More »Are First-Time Homebuyers a Bigger Risk? Yes and No
The author called first-time homebuyers “inherently different from repeat homebuyers. They are younger and have lower credit scores, lower home equity, and less income and, therefore, are less likely to withstand financial stress or take advantage of financial innovations available in the market than repeat homebuyers.”
Read More »Data Shows Credit Access Is Loose for First-Time Buyers, But Loans Are Riskier
The higher risk for first-time buyers can be attributed in large part to risk layering, according to AEI. In March, 68 percent of mortgages for first time buyers had a combined LTV of 95 percent of higher and 96 percent of those mortgages had a 30-year term.
Read More »Report: Millennials Can Still Make a Difference In Housing
That gain in younger household formations is expected to translate to $1.6 trillion spent on home purchases and $600 billion spent on rent in the next few years—more on a per-person basis than any other generation.
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