Tag Archives: First-Time Homebuyers

July 2013 Existing Home Sales — Best in Four Years — Year-Over-Year Homes Sales Up 17.2 Percent, Median Price Up 13.7 Percent — Likely to Cool as Interest Rates Rise, But Still Going to Be Up

Existing home sales continue to significantly improve, with the July 2013 seasonally-adjusted annualized rate hitting the greatest level in almost four years, according to the National Association of Realtors (NAR). For the month of July, the SAAR of existing home sales tallied 5.39 million, up from 4.6 million in July 2012, a gain of 17.2 …Read more

October 2012 Existing Home Sales Up More Than 10 Percent Compared to October 2011 — 4.79 Million SAAR This Year Vs. 4.32 Million Last Year

Housing continues to make a comeback following the real estate depression of 2007 through 2011. Job growth (albeit tepid), rising rents and population growth are the trifecta to increased sales and prices. October 2012 saw a Seasonally-Adjusted Annualized Sales Rate (SAAR) of 4.79 million existing homes, a gain of more than 10 percent from October …Read more

Want a Date? Buy a Home — CNN

Every once in a while we need to lighten things up and this news report fits right in there the day following Valentines.  CNN reports the findings of a study conducted by Trulia that singles  prefer to date homeowners rather than renters.  Trulia commissioned Harris Interactive to survey 1,000 singles and found the following: More …Read more

The Affordable Care Act (ACA)

The Affordable Care Act (ACA) a.k.a. ObamaCare, May Not Be Affordable For Many (and this may impact first-time homebuyers) The Ohio Department of Insurance commissioned a study from Milliman, Inc., a global actuarial firm, to ascertain the impact of ObamaCare on Ohio and its residents. Click here to read the entire Ohio document.    Note: …Read more

Short Sales Romance With 1st Time Buyers Becoming Less Alluring

Processing times are mangling the short sale segment—particularly for first time buyers according to RISMedia.  In reporting the results of the latest Campbell/Mortgage Finance HousingPulse Tracking Survey, RISMedia states that one in every six house sales came from short sales according to a survey of 2,500 agents across the country   August first-time homebuyers represented 39.7 …Read more