First Time Home Buyers Archives - Page 95 of 107

US Housing Market Continues the Move into ‘Buy Territory’!

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

US Housing Market Continues the Move into ‘Buy Territory’! Read More »

Is Your First Home Within Your Grasp? [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers / By Corinne Geiger

Some Highlights:

‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau.
According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!

Is Your First Home Within Your Grasp? [INFOGRAPHIC] Read More »

Home Mortgages: Rates Up, Requirements Easing

Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers / By Corinne Geiger

The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen.

Home Mortgages: Rates Up, Requirements Easing Read More »

Millennials Flock to Low Down Payment Programs

Down Payments, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers / By Corinne Geiger

A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.

Millennials Flock to Low Down Payment Programs Read More »

Careful…Don’t Get Caught in the Rental Trap!

First Time Home Buyers, For Buyers, Move-Up Buyers / By Corinne Geiger

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.

Careful…Don’t Get Caught in the Rental Trap! Read More »

Why Millennials Choose to Buy [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers / By Corinne Geiger

Some Highlights:

“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
At 93%, the top reason Millennials choose to buy is to have control over their living space.
Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they’d like, or renovate an outdated part of their living space.

Why Millennials Choose to Buy [INFOGRAPHIC] Read More »

The ‘REAL’ News about Housing Affordability

First Time Home Buyers, For Buyers, Move-Up Buyers / By Corinne Geiger

Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

The ‘REAL’ News about Housing Affordability Read More »

Buying this Spring? Be Prepared for Bidding Wars

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / By Corinne Geiger

Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different!

Buying this Spring? Be Prepared for Bidding Wars Read More »

Again… You Do Not Need 20% Down to Buy NOW!

Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers / By Corinne Geiger

A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.