Tag Archives: first-time buyers

This is the best city for first-time buyers, according to Zillow

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First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow. That’s the highest share the city has seen since at least 2017. Continue reading →

2024 Spring Outlook: Another tight market, this time with extra anxiety

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As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading →

Biden set to propose $5K tax credit for first-time buyers

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The President will reveal a set of new housing initiatives during the State of the Union address on Thursday that will include a tax credit of $5,000 per year for two years to first-time homebuyers and a one-year tax credit of up to $10,000 to househol… Continue reading →

She owns it: How agents can engage the single woman buyer

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New Inman contributor Bobbie Wasserman offers insights for attracting and assisting single women buyers to maximize their ever-increasing purchase power. Continue reading →

7 ways to hook first-time buyers (before they’re ready to buy)

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First-time buyers may not be ready to purchase a home right away, but with a little patience you can turn them into lifelong clients. Keller Williams Head of Inclusion and Belonging Julia Lashay Israel offers insights on providing education and informa… Continue reading →

Florida dominates list of best markets for 1st-time homebuyers

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Palm Bay, Cape Coral and Tampa top WalletHub’s list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains. Continue reading →

US existing-homes sales plunge in April as inventory climbs above 1M

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Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday Continue reading →

The top 10 friendliest US cities for first-time homebuyers right now

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What’s the matter with Kansas? Not a thing as Wichita shot to the top of Zillow’s analysis of the 10 friendliest cities for first-time homebuyers on Thursday. Midwestern cities fared well overall. Continue reading →

NAR chief economist predicts ‘strong rebound’ in 2024

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Lawrence Yun said home prices will rise 1 percent and sales will dip 7 percent next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices in 2023. Continue reading →

Share of first-time buyers plummets to lowest level since 1981: NAR

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Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981. Continue reading →