Items Tagged with 'home buyers'

ARTICLES

Higher mortgage rates make waves in housing market

Even a small change affects debt-to-income ratios
Interest rates increased significantly the first week after President-elect Donald Trump won the presidential election. Now, that increase is affecting the housing market and it has become a deal-breaker for some homebuyers.
Read More

NAR: More single women buying homes

First-time buyers increase after 3 years of declines
A new survey from the National Association of Realtors shows women increased their share in the housing market to the highest it’s been since 2011, which is now double that of single men. This is despite having annual incomes that are significantly less than men. But single women aren’t the only group buying more homes.
Read More

Millennials shun homebuying in coastal cities

Top 5 places they want to live
As Millennials move into homeownership, they are looking at places to settle down that have higher income growth and more affordable homes. Using data from CoreLogic and Zillow, Fannie Mae created a list of the top 5 most attractive places for Millennials.
Read More
From HW Magazine

Ellie Mae's Millennial Tracker prepares lenders to serve young homebuyers

Provides insight into lending trends
The mortgage industry is poised to experience a monumental shift as more Millennial homebuyers begin to enter the market. There are roughly 87 million would-be homebuyers in the Millennial generation and 91% of them say they intend to own a home one day. Lenders must prepare today to meet their needs.
Read More

Top 10 markets where renters can afford to buy

South, Midwest emerge as most affordable areas
Renters who are looking to buy their first home in today’s competitive market shouldn’t get discouraged. According to the National Association of Realtors, more renters in these markets can afford to buy a home than the national average.
Read More

Here’s what homebuilders think you want

And it depends on when you were born
Although there's been a lot of talk about the need for builders to provide more affordable homes, each generation has a different view of what makes up their dream home. A panel of three builders outlined what each generation wants. Did they get your generation right?
Read More