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More Homebuyers Taking up ARMs

Mark Fleming, Chief Economist at First American, explains why current conditions mean adjustable-rate mortgages “could be a game-changer for many first-time homebuyers."

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Homebuyer Assistance Programs Continue to Grow

During a quarter of difficult buying conditions, Down Payment Resource’s Q2 2022 HPI report shows sufficient growth in homebuying assistance programs for the third consecutive quarter, despite economic conditions limiting available funding.

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Budgets Remain Constrained for Buyers

Housing-market competition is declining rapidly due to higher mortgage rates and home prices, amid inflation and a falling stock market, causing many house hunters to drop out of the market completely.

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Younger Homeowners More Likely to Make Green Home Improvements

According to the latest Fannie Mae National Housing Survey, roughly half of homeowners aged 18-34 would be interested in making energy-efficiency improvements such as installing solar panels, while the share of these figures was much higher than the average level of interest across the general population of homeowners.

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