Items Tagged with 'First-time home buyers'

ARTICLES

Texas homebuyers diversify in 2016

Women, first-time buyers move into market
Texas saw outstanding growth in home sales during 2016 in several areas including condo sales and new home sales. Not only are there more homebuyers in the market, but they're also a more diverse group than in previous years. International homebuyers, women and first-time homebuyers are all making their mark in Texas real estate.
Read More

Will interest rates price Millennials out of the housing market before they can even jump in?

Interest rates rise after the election
Millennials, which usually fall into the first-time homebuyer pool, are predicted to start moving into the housing market soon as they opt out of renting. Unfortunately, this new forecast report explained that the election changed a lot of the rosy picture original predicted for first-time homebuyers in 2017.
Read More

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.
Read More

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.
Read More

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. This is especially true now that Millennials, the largest generational demographic in U.S. history, are moving into the housing market.
Read More

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.
Read More

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.
Read More

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?
Read More

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.
Read More

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.
Read More