Tag Archives: First-Time Homebuyers

With the increasing popularity of mortgage insurance, a 20 percent downpayment may not be status quo anymore for those looking to become homeowners. First-time homebuyers account for nearly half of total homes purchased in the first quarter of 2017, a number that is expected to rise. They are also exploring other options to obtain homes.

According to the second quarter Real Estate Sentiment Index, which polls industry professionals across the country to gain their unique insight about the future of the housing market, young people aged 26-30 are the number one demographic for first time home buyers. Their reasons? Financial investment and starting a family, which echoes past generations' reasons for becoming homeowners. Industry professionals are also confident in rising residential purchases, and in some states, price growth.

According to a new report, first-time homebuyers now make up 60 percent of all home purchases. On GSE loans, first-time buyers comprise 47 percent of loans, while on FHA loans, they account for 82 percent. The uptick is likely due to an improved economy, lower unemployment, rising income, and more new home construction

The first-time buyer volume of government-guaranteed home purchase loans spiked year-over-year in August. What's driving this increase?

HUD studied nearly 6,000 prospective first-time homebuyers to determine the effects of efforts to educate new homebuyers on housing and financial stability.

The increasing cost of rental housing is prompting a larger number of consumers to go searching for a home to buy.

Affordable monthly mortgage payments, positive home values, and competition are attracting first-time homebuyers to these 10 markets.

A survey indicates that millennials are aware of how much their finances will affect their ability to buy a home.

First-time buyer volume rose significantly in March 2016, driven by continued labor market improvements, riskier mortgage lending, and historically low mortgage rates.

Bank of America’s first-ever look at homebuying trends has found that more buyers want a home more than they want an investment in property.