Tag Archives: First-Time Homebuyers

Hottest Spring 2017 Suburb Housing Markets

Just as the flowers appear in the Spring, likewise sprout housing sales. Flowers appear earlier and grow faster in some areas compared to others. Ditto housing. So where are the hottest suburban markets this Spring? To answer that, Realtor.com analyzed suburban housing markets across the country. As urban housing prices exploded, one-half of home buyers …Read more

Another Top-10 List — Best Housing Markets for Millennials

Millennials today make up the largest population cohort ever recorded in U.S., with an estimated 83 million in the 18 to 34 year old range. While many industry observers note that Millennials are not becoming homebuyers as did past generations, they also need to consider than their largest age group within Millennials is 24 years …Read more

Another Top-10 List — Best Markets for 1st Time Homebuyers, and Worst

Earlier this week, HousingWire had an article telling first-time homebuyers (Millennials) in Dallas, Texas that they should just adjust to being renters since land and development costs make a sub $200,000 new home almost impossible. To read the article click http://www.housingwire.com/articles/36878-hey-dallas-millennials-better-get-used-to-renting As I have written in the past, home builders continue to face three headwinds …Read more

May 2015 Existing Home Sales Robust — Up 9.2 Percent Year-Over-Year and 5.1 Percent Sequentially From April, Price Within 1 Percent of All-Time High

Existing home sales in May 2015 posted a solid 9.2 percent increase on a seasonally adjusted annualized rate (SAAR) compared to a year ago and rose 5.1 percent from April 2015 as first-time home buyers increased, reported the National Association of Realtors® (NAR). Median price ramped up 7.9 percent from a year ago to $228,700, …Read more

Another Top-10 List — States with the Highest and Lowest Residential Loan Down Payments

Absent from the housing recovery, at least until now, has been first-time homebuyers. Increased Credit Scrutiny, Dodd-Frank, Qualified Mortgages, Job Losses, Slow Economic Recovery and Student Loans have taken their toll. Key to limiting first-time homebuyers, however, has been the increased down payment since 2007 which has barred many prospective homeowners and relegated them to …Read more