Tag Archives: first-time homebuyers

First-time homebuyers fell further behind this year, NAR says

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The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report. Continue reading →

How to use down payment assistance to close more deals

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Looking for a way to differentiate the service you provide to buyers? Luke Babich writes that a top-down knowledge of down payment assistance programs in your area can help you stand out from the crowd of other agents. Continue reading →

HUD partners with Zillow to close racial homeownership gap

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The Department of Housing and Urban Development has partnered with Zillow for “Let’s Make Home the Goal,” a campaign aimed at connecting minority communities with HUD pre-housing counseling services. Continue reading →

Case-Shiller Index keeps breaking records as HPI growth curbs pace

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Although home price growth is slowing, S&P CoreLogic’s report also showed that first-time homebuyers are being impacted most by rising prices, since in the last five years, prices in the lower end of the market have risen more quickly than other t… Continue reading →

What homebuyers can expect now: Mandatory consults, exclusive reps

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As real estate’s new reality takes shape, buyer agents are exploring new ways to streamline processes and communicate effectively with clients, The Medford Team CEO Carl Medford writes. Continue reading →

The market is harder for millennials than it was for boomers: Report

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A new report in “The Wall Street Journal” found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today. Continue reading →

Texas, Florida are affordability havens for homebuyers: Zillow

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Rising inventory and slowing home price growth have made Austin, San Antonio, Tampa, Orlando and Jacksonville some of the best markets for buyers, according to Zillow’s latest Market Heat Index. Continue reading →

‘Buyers are losing faith in the American Dream:’ Redfin CEO

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Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it. Continue reading →

2 buyers scramble to make a deal as the spring market sprints ahead

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One Connecticut homebuyer is preparing for marriage. Another in Virginia is healing from a divorce. Both tell Inman the struggle to find a home this spring is real — and the clock is ticking. Continue reading →

Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

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Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading →