Tag Archives: First-Time Homebuyers

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

April 2015 Existing Home Sales Up 6.1 Percent Year-Over-Year, But Off 3.3 Percent Sequentially from March 2015

April 2015 existing home sales, while up 6.1 percent from a year ago, declined 3.3 percent from March on a seasonally-adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR). April’s median price of $219,400 is up 8.9 percent from a year ago. When examining actual monthly sales numbers on a non-seasonally adjusted …Read more

March 2015 Existing Home Sales Rocket Off the Pad — Up 10.4 Percent Versus March 2014 and Up 6.1 Percent Sequentially from February 2015

Existing home sales rocketed off the pad in March 2015, increasing 10.4 percent from March 2014 and up sequentially 6.1 percent from February 2015 as reported by the National Association of Realtors® (NAR). March sales reached a seasonally adjusted annualized rate (SAAR) of 5.19 million dwellings – the best posted number since September 2013. The …Read more

Ted’s Tweets March 6 2015 – March 12 2015

For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much in so little? It reminds me of Mark …Read more