Saturday, 20 April 2024

Tag: first time homebuyers

'Over 50% of Aspiring Homebuyers Cannot Afford a Down Payment: Survey

At least 54% of homebuyers said their income was not high enought to afford puchasing a home.

BRITAIN-POLITICS-ECONOMY-HOUSING-MORTGAGES

'7 Mortgage Terms Every First-Time Homebuyer Should Know in 2024

Understanding key terms, especially those related to mortgages, can help ensure a smooth home-buying process. If you're a first-time homebuyer, here are seven essential terms to know in 2024.

'Slight Increase in Interest Rates Causes a Drop in Mortgage Applications

A lot of buyers have been flocking the market in this busy spring home buying season because of the low mortgage rates. While a lot of people are taking advantage of the rates nearing its lowest in three years, a recent report shows that there was a drop in the number of mortgage applications because of a slight increase in the interest rates.

EDITOR'S PICKS

'First-Time Buyers Opt Out of Buying a Home Because of Credit Scores

First-time buyers comprise the majority of potential homebuyers in this market. However, a recent report shows that one in five future first-time homebuyers are more likely to opt out of buying a home altogether. Why is this the case?

By Staff Reporter
'Real Estate News: More Homes Go Under Contract Despite Low Inventory

It is a seller’s market out there right now, as buyers flock the market in hopes of finding a new home to live in. While there has been an increase in the demand for more homes, a recent report shows that there remains a tight inventory of homes for sale.

By Staff Reporter
'Prices of New Homes Drop to Attract First-Time Buyers

First-time buyers are faced with a tough challenge of securing a home for themselves in this busy spring home buying season. While the inventory of existing homes for sale in the market is at its lowest, the good news is that new homes are made more affordable to attract first-time buyers.

By Staff Reporter
'Can First-Time Homebuyers Win in Bidding Wars?

First-time homebuyers are faced with a tough challenge in this busy, crazy spring home buying season. As more buyers and investors flock the market this season, inventory has reached its lowest in 25 years, which has resulted in an increase in selling prices of homes and tough bidding wars. Given this scenario, can first-time buyers still win in bidding wars and secure a home for themselves?

By Staff Reporter
'Here’s Why Many First-Time Buyers are Holding Off on Their Plan to Purchase a Home

The millennials comprise the majority of first-time homebuyers in the real estate market. While it has been predicted that a lot of millennials will be making their first real estate purchase this year, a new survey shows that first-time buyers are holding off on their plans to purchase a new house.

By Staff Reporter
'Real Estate Investors Are Making it Increasingly Difficult for First-Time Home Buyers

Signs of the busy spring home buying are already visible, as more buyers flock the market in hopes of getting their hands on a new house. While first-time homebuyers are already experiencing difficulties finding a home in the market, recent reports show that real estate investors are adding to the burden of first-time buyers.

By Staff Reporter
'Home Buyers Expected to Drop as Prices Continue to Increase

2016 was initially predicted to be a rosy year for the real estate market. However, a recent report suggests that the number of homebuyers this year may drop if home prices continue to increase while wages remain stagnant. Can first-time homebuyers still get their dream home in this case?

By Staff Reporter
'35-year Mortgages Help First-time Buyers Get On Ladder

The UK housing market has seen its first fall in the number of first-time buyers for the last four years with the increase in required deposit to buy a property now above £30,000, The Guardian reports.

By Staff Reporter
'Survey Says Market is Slowing Down, First-Time Homebuyers' Biggest Obstacle is Student Loan

The housing market is slowing and student loan is to blame.

By Staff Reporter
'5 Rookie Mistakes That Hurt Home Buyers

We are all guilty of buying things that later make us regret: a $200 electronic toothbrush, that floral designer coat, or odd-flavored candies and chips. But when it comes to buying a home, you can't just go and say "I hope I made a better choice!"

By Staff Reporter
'Real Estate News: Number of First-time Homebuyers Drop Even with the Increase of ‘Desire to Own’

The share of homes bought by first-time buyers fell to 32 percent of all purchases in 2015, as compared to the 33 percent of 2014.

By Staff Reporter
'5 Mistakes Buyers Make In A Hot Market

Timing plays an important role in real estate, especially if you are on the buying end. Inevitably, you could get in a seller's market which might put you a little bit on the edge.

By Staff Reporter