Articles Tagged with ''First-time home buyers''

First time buyers flood D.R. Horton Express homes

Creates affordable option for new home buyers
Four years ago, homebuilder giant D.R. Horton created its line of affordable homes targeted at first time homebuyers, which are now becoming increasingly more popular. In fact, Express homes made up more than one-third of homes sold and more than one-fourth of total home sales in the latest quarter.
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Lennar targets Millennials with mortgage that pays off their student loans

Lennar subsidiary Eagle Home Mortgage offers unique lending product
A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
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Lack of housing inventory holding back new home sales

Homebuilders not producing what buyers want
New home sales increased in June from last month and last year, however most experts agreed the lack of housing inventory is holding back sales. But one economist disagreed, saying the low levels of inventory are actually driving the increase in new home sales.
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Some states implement student loan disclosures

Provide students with expected, future monthly payments
As student loans soar and continue to block first-time buyers from owning a home, some states took action to require more disclosure. Studies show keeping up with how much they owe in student loans is not college students’ strong suit, but keeping up with that could get easier in some states.
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Millennial homeownership rates dropped in past decade

Fannie Mae explains why
The homeownership rate among young adults dropped significantly over the past 10 years. A new study from Fannie Mae and the University of Southern California explains why, and the study’s simulation showed homeownership rates among young adults are likely to see an increase over the next 20 years.
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Investor to NAR: We aren’t competing with first-time homebuyers

OwnAmerica CEO says the needs of renters are important, too
The National Association of Realtors spoke out several times in the past few weeks against investors, saying they are creating more unwanted competition for first-time homebuyers. But one investor finally had enough, saying that in fact, the entire industry benefits from housing investment.
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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.
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