First-Time Homebuyer

First-Time Homeowners Guide: What Are Property Taxes?

Property taxes are a recurring cost that can significantly impact your monthly budget. Here's a guide to ensure you can manage these taxes effectively.

30% Home Financing Rule Is Dead; Here’s the New Rule for First-Time Buyers Amid Housing Affordability Crisis

The average sticker price for homes in the US is now $439,000, which accounts for nearly 50% of the typical income of a first-time buyer.

These Cities Are the Most and Least Affordable for First-Time Home Buyers: Report

In some cities, home prices were listed at five times higher than the average income of first-time buyers.

5 Best and Most Affordable Cities for First-Time Homebuyers: Zillow

Zillow defines a home as comfortably affordable when households spend less than 30% of their income on monthly mortgage or rental payments.

First-Time Buyers Now Need To Earn $114,000 To Afford Starter Home in the US

The median household income in the United States is $84,000, 35% lower than the income needed to buy a starter home.

Single Ladies Beat Men as First-Time Homebuyers

5.2 million homeownership belongs to women, while only 3.6 million belong to men. Who run the world? Girls! Gone are the days when women are viewed to be someone meant to stay at home.

First-Time Home Buyers Rise While Investors Stay on the Sidelines

First-time home buyers and investors buyers took on different directions in April as the effects of lockdown and social distancing measures continue to dictate buying confidence across the nation, the latest survey says.

Real Estate News: Millennials are Moving to the Suburbs

Millennials comprise the majority of would-be homebuyers, which is why several companies are on the look out for buyers coming from this generation. A recent report shows, however, that millennials are no longer choosing to live in main cities and are instead moving to the suburbs. What are the implications of their move?

What’s Keeping Millennials from Buying a Home?

Millennials comprise the majority of potential homebuyers in the real estate market. This is the reason why several homes are already being constructed, which are more affordable to cater to the younger market and first-time buyers. Despite these measures, a recent report shows that homeownership rate in the U.S. is close to its lowest in the last 48 years. What is keeping millennials from buying a home?

3 Things You Need to Know About Shipping Container Homes

Shipping container homes have become the next craze in housing trends partly due to its increasing popularity in several TV shows. While there are a lot of benefits to living in a container house, can you build one of your own and is it really cheaper to live in one than in a traditional home?

Frustration Grows Among Buyers as Home Prices are Rising Faster than Inflation

The signs of a crazy spring home buying season can be seen and felt across the country, as buyers flock the market and listings are going off as soon as they are posted. While the odds are definitely in the sellers’ favor, buyers are becoming increasingly frustrated over the rising prices of homes in the market. Can first-time buyers still keep up with the high prices?

3 Ways to Speed Up the Home Buying Process

In today’s busy and competitive market, finding a home can be pretty tough and challenging. With investors competing against first-time buyers, how can you speed up the home buying process even if you do not have the ability to pay the amount in cold, hard cash?

3 Smaller, More Affordable Home Options for First-Time Buyers

First-time homebuyers are faced with the challenge of finding and buying a home in today’s crazy market. As prices of homes and rents are shooting across the U.S., many buyers are already having a hard time looking for a home to live in. What are other alternative options for first-time buyers?

First-Time Buyer’s Guide to Finding a Home Even in Today’s Crazy Market

First-time buyers often need to consider a lot of things before looking for a home. Apart from its price, the location, environment and economic conditions are few of the things that they take into consideration. Can a first-time homebuyer still compete with other buyers in today’s crazy market?

3 Things You Need to Know About the First-Time Homebuyer Tax Credit

First-time homebuyers can get the most out of their first and probably biggest purchase of their life through the different tax credits being offered by the government. Here are the 3 things you need to know about tax breaks and the first-time homebuyer tax credit: