Tag Archives: first-time buyers

32% of first-time buyers get financial help from a relative or friend: NAR

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Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey by the National Association of Realtors. Continue reading →

Share of first-time buyers reaches highest peak since 1993

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According to a market report by Genworth Mortgage Insurance, the number of first-time homebuyers exceeded 2 million for the third consecutive year. Continue reading →

7 facts about FHA loans you should know

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Knowing more about how FHA works — and how to work with FHA — helps agents identify opportunities for their first-time buyer clients, who make up one in three buyers today. FHA is not for everyone, but for millions of young families, it is the piece th… Continue reading →

Realtor.com launches 3 new affordability tools for buyers

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The tools, available on iOS, Android, and desktop, provide buyers with a detailed estimate of what it will financially take to own a home. Continue reading →

Why the money pouring into real estate tech is ‘stupid’

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In a wide-ranging interview, Patrick Stone, founder of the Williston Financial Group, shares his thoughts on real estate technology and his previous life as an oyster diver. Continue reading →

5 tips that’ll put your first-time buyers at ease (and get you stellar reviews)

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If you’ve got buyers who’ve decided to make the massive leap from renter to owner, and you’re trying to build a business on repeat and referral clients, give all of your first-timers these five tips. You’ll be their agent for life. Continue reading →

Millennials are influencing their parents’ homebuying decisions

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Millennials are a driving force in the housing market, whether buying homes themselves or influencing their parents’ decisions, according to a NAR survey. Continue reading →

Why 2019 will be the year of the first-time homebuyer

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As the year comes to a close, it’s time for Matthew Gardner, the chief economist for Windermere Real Estate, to dust off his crystal ball and see what we can expect in 2019. Continue reading →

Homebuyers spend an average $40,000 in one-time fees

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The one-time fees of moving into a new home could set you back roughly $40,000, according to a new study from RealEstate.com – a Zillow Group company – and Thumbtack. It’s a cost that comes as a shock to many first-time home buyers, the companies say…. Continue reading →

Uh-oh: high-risk home loans are on the rise again

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Now that these buyers have relatively easy access to credit (albeit high-risk) they’re snapping up homes at the lowest price tier and driving up home prices… Continue reading →