First-time buyers are a shrinking share of the market, but there are a few things that can be done to help reverse this trend. It’s not a $64,000 question, but rather a $41,000 one. “Where are the first-time buyers?” It’s important because $41,000 is the amount renters have missed out on by not ... » Learn More about The Plight of First-Time Buyers
Uncategorized
Seven of the Biggest Home Buyer Turnoffs
Home sellers in hot real estate markets where there’s not enough for sale inventory for the number of people who want to buy may not feel compelled to go all out in preparing their home before listing. And they may not need to, given the reduced competition. But they still should do the minimum: ... » Learn More about Seven of the Biggest Home Buyer Turnoffs
85% of International Investors View U.S. Real Estate as a Safe Investment
Anybody that's been following the real estate market over the past few years, have realized the local domestic buyers have had major competition from investment groups and foreign investors. Foreign buyers are showing a preference for purchasing properties in the U.S. over other countries, viewing ... » Learn More about 85% of International Investors View U.S. Real Estate as a Safe Investment
Buyers Deal with Housing Shortage
While the housing demand continues to surpass supply in different city pockets around the U.S., potential homeowners are faced with contending bids from other purchasers. The bottled-up demand has developed bidding wars from New York to San Francisco, putting additional pressure on property buyers, ... » Learn More about Buyers Deal with Housing Shortage
Loan Shortage Pushes Mortgage Firms to Accept Lower Credit Scores
Until recently, most lenders refrained from lending to borrowers with credit scores far below 600, even when government loan programs such as the Federal Housing Administration permitted it. The lenders worried having to buy the loans or indemnify the FHA for losses if the borrowers defaulted, not ... » Learn More about Loan Shortage Pushes Mortgage Firms to Accept Lower Credit Scores