Items Tagged with 'First-time home buyers'


Zillow: Millennials increase role in housing market

Now buying starter homes as big as traditional move-up buyers
Millennials make up more than half of today's homebuyers and are bringing a savvier, deeply researched approach that is unlike any past generation, according to a new Zillow survey. This generation waited longer than any previous generation to buy a home, and that’s not the only thing they're doing.
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Here are the top 5 trends in real estate over the past 35 years

A look back at real estate from Realtors
Thirty-five years ago the housing market looked drastically different, with the word "internet" nowhere to be found and people laughing at the thought of getting less than a 4% mortgage rate. In anticipation of the National Association of Realtors' 2016 survey release on Oct. 31, NAR identified five noteworthy real estate trends since the survey’s inception.
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Arch MI’s Roadmap to Homeownership Drives First-Time Business

New RtHO toolkit helps lenders attract new homebuyers and creates opportunities to work with Realtors®
Since the housing market collapse in 2008 and the sweeping regulatory overhaul that followed, providing straightforward information to consumers about mortgages and lending services has become a dominant concern for the industry. Especially now that Millennials, the largest generational demographic in U.S. history, are moving into the housing market.
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Arch MI launches Road to Homeownership toolkit

Designed to help lenders attract first-time homebuyer business
Arch MI's toolkit includes a customizable PowerPoint presentation outlining the mortgage process, interactive worksheets to calculate their financial eligibility and budget for a future home. “Our Roadmap to Homeownership enables lenders to reach out to, educate and encourage this audience by setting up their own home-buying seminar using the toolkit’s materials,” said Leslie Gibin, Arch MI’s vice president for client risk management.
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Quicken Loans now offering 1% down mortgages

Here are the details on the program that no one is talking about
While megabanks like Bank of America, Wells Fargo and JPMorgan Chase grabbed the headlines earlier this year by separately announcing plans to offer mortgage loans that only require a 3% down payment from the borrower, there is another major lender that is quietly requiring even less from borrowers. Unbeknownst to many in the market, Quicken Loans began offering an even better deal for borrowers late last year – a 1% down mortgage.
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30-year mortgage leaves homebuyers poor?

It’s not your only choice
30-year fixed mortgages may not be the way to go if homebuyers can afford a larger monthly payment. In fact, total interest over the life of the loan is over three times higher on a 30-year mortgage than on a 15-year mortgage, and that’s just for a median priced home. Is it time to reignite the debate on the role of the 30-year mortgage in our industry?
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Will homebuilders fill the void in housing for first-time buyers?

The new top hurdle for entry-level buyers
The ability to save for a down payment is no longer the biggest hurdle for first-time homebuyers. According to a new housing report from Fitch Ratings, there’s a new problem that’s creating an even bigger roadblock—inventory shortages. This is what the report says is being done to fix the problem.
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Bad credit holding back first-time homebuyers?

Maybe, but that’s not the only factor
Some companies speculate that low credit scores could be holding back first-time homebuyers. Some experts, however, disagree. According to a recent survey by TransUnion, there is one thing that worries them more than their credit scores.
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S&P/Case-Shiller: Home prices finally start to stabilize

First-time homebuyers still face barriers to entry
The National Home Price Index, covering all nine U.S. census divisions, increased 5.3% annually in February, breaking a 10-month streak where the year-over-year figure increased over the previous month. Could this finally be the end of rapidly increasing home prices? First-time homebuyers could definitely use the break.
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