It’s no secret that the one-two punch of rising home prices and limited housing inventory has been making life difficult for would-be first-time homebuyers in markets around the country. However, a new consumer survey finds that it’s not just the ...
Read More »Homebuyers Growing More Diverse in the Lone Star State
Diversity and prices paid for homes in Texas are on the way up, according to the Texas Homebuyers and Sellers Report released Wednesday by the Texas Association of Realtors. The report found that the percentage of homebuyers who identified as African-American was ...
Read More »Fewer Renters Planning to Buy a Home
Amid heightened concern for housing affordability and overall rental satisfaction, renting has become increasingly favored among some segments of the population in the United States. Among renters, 67 percent say they believe renting is currently more affordable than owning a ...
Read More »Women Less Confident About the State of Housing
The latest installment of the ValueInsured Modern Homebuyer Survey finds strong disparities between men and women when it comes to their levels of confidence in the state of the housing market. According to the report, only 44 percent of all ...
Read More »Powell’s Appointment to Fed Chair Bodes Well for Housing Market
With mortgage rates expected to hold mostly steady under Powell, the housing market should continue to flourish.
Read More »Marketing to Millennials: a Personal Touch in a Digital World
Millennials are part of an increasing market share in the mortgage housing industry, and companies should be forward thinking in their plan to include them. Read on to find some of the best practices to make them comfortable in a foreign landscape.
Read More »New Buyers Unafraid to Jump into the Housing Market
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.
Read More »Young People Buying Homes Earlier but for Similar Reasons
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.
Read More »First-time Buyers Account for 60 Percent of Purchases
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
Read More »AEI: “The First-Time Buyer is Alive and Well in Today’s Home Purchase Market”
The first-time buyer volume of government-guaranteed home purchase loans spiked year-over-year in August. What's driving this increase?
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