Tag Archives: First-Time Buyers

Affordable monthly mortgage payments, positive home values, and competition are attracting first-time homebuyers to these 10 markets.

Home builders' focus in recent years has continually been on expensive properties, which could be placing a damper on the homebuying process for first-time shoppers.

Now that the effects from the TILA-RESPA Integrated Disclosure rule have subsided significantly in the housing market, first-time buyer activity has resumed from the delays caused in the previous months.

The H.R. 4211 bill, or the “Credit Score Competition Act of 2015,” would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models instead of just the FICO model, which would provide homebuying options for many consumers whose credit does not meet the current standards.

First-time homebuyers have been touch-and-go in the housing market since the crisis, but that here today, gone tomorrow trend could be changing for the better.

The American Enterprise Institute's International Center on Housing Risk believes looser credit is the direct result of job market improvements, riskier mortgage lending, and low mortgage rates.

First-time buyers may want to turn their attentions toward suburbs in 2016. As home prices are showing no signs of slowing down, affordability becomes a larger issue when purchasing a home.

In housing markets where home values are constantly rising, first-time buyers often struggle with coming up with a down payment and end up renting versus buying a home.

Freddie Mac and Quicken Loans recently announced that they have joined forces to pilot several new initiatives aimed at helping provide more Americans the opportunity to achieve homeownership, while also building a smarter American mortgage finance system.

As first-time buyers return to the housing market, the total number of existing-home sales saw the largest increase in May than it has in nearly six years, according to a report by the National Association of Realtors (NAR). May home sales experienced a growth spurt following April's decline and are now at their highest pace since November 2009.