Home Buying, US Real Estate

8.3 million first-time buyers poised to hit the market by 2022

By Mike Wheatley | November 4, 2019
A wave of first time buyers is expected to fall upon the U.S. housing market in the next three years. Around 8.3 million first-time buyers will be looking to apply for a mortgage between 2020 and 2022, according to a new report by the TransUnion credit rating agency. That’s significantly higher than the 7.6 million […]
Home Buying, Home Sales, US Real Estate

Home buyers struggle with growing housing inventory shortages

By Mike Wheatley | October 11, 2019
More buyers are being tempted by the lower mortgage rates on offer this fall, but the rapidly shrinking inventory of affordable homes for sale means that few are able to find something suitable to buy, claims a new report from realtor.com. The result is more intense competition between first-time buyers and move-up buyers. Housing inventories […]
Real Estate Agents

5 Things First-time Homebuyers Should Ask a Real Estate Agent

By Lori Weaver | August 29, 2019
Buying a home can be one of the most exciting--and stressful--times in your life. After all, this is probably the largest purchase you'll ever make. It's not surprising, then, that first-time homebuyers typically have a lot of questions, from how to make an offer to what to expect at closing. If you are represented by […]
Home Builders/Developer's, Residential, US Real Estate

Builders are stepping up to cater for first-time buyers

By Mike Wheatley | July 24, 2019
Home builders say they’re looking to cater more to first-time buyers on a budget, rather than move-up buyers usually tend to buy more expensive homes. The builders say they know the market is desperate for more entry-level homes, and that they’re determined to answer the call, even though challenges such as the high cost of […]
Featured News, Mortgage, US Real Estate, Zillow

Zillow highlights 36 metros where high school grads can afford a mortgage

By Mike Wheatley | July 12, 2019
Households including at least one person with a high school diploma or GED can afford the typical mortgage payment in most large metro areas across the U.S., according to a new analysis by Zillow. But soaring home values that have outpaced incomes have made down payments a barrier for many, particularly first-time home buyers. Mortgage […]
Mortgage, US Real Estate

Bank of America announces $0 origination fees for low-income borrowers

By Mike Wheatley | May 24, 2019
As lenders struggle with the impact of reduced home sales on the mortgage business, some banks are coming up with new ways to make their offerings more attractive to borrowers. The Bank of America for example, recently said it would give “eligible borrowers” up to $10,000 to be used towards their down payment or closing […]
US Real Estate

Housing markets braced for deluge of new first-time buyers

By Mike Wheatley | May 7, 2019
Nearly 45 million people in the U.S. will reach the typical age for first-time home buyers in the next 10 years – 3.1 million more than the past decade – creating more demand in an already challenging market for those looking to get into their first home. The typical first-time home buyer in the U.S. […]
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