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Tag Archives: First-Time Homebuyers

Market Conditions Trouble Buyers

First-time homebuyers are faced with two major challenges in the housing market that are keeping them from purchasing a home: scarce inventory and higher home prices.

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Rising Home Prices Creates Barriers for Buyers

David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices noted that financing a home continues to be a hurdle for first-time homebuyers as low inventories and short supply cause home prices to rise.

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Report Finds Overland Park is the Best City for First-Time Homebuyers; Compton Deemed the Worst

When purchasing a home, consumers often analyze the home further than just the outward appearance. WalletHub released a report on Monday, reviewing the level of attractiveness for cities all over the U.S. to determine how attractive a home is to first-time homebuyers. The report found that Overland Park, Kansas is the best city for first-time buyers, while Compton, California was labeled as the worst city for first-time buyers.

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HUD Awards Additional $6 Million in Housing Counseling Grants

After awarding $36 million worth of grants to hundreds of national, regional, and local organizations to help families and individuals with their housing needs and to prevent future foreclosures in April, HUD recently awarded an additional $6 million in grants to add to that total, according to a press release.

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New Program to Eliminate Closing Costs and Simplify Loan Process

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Carrington Mortgage Services, LLC, announced in a press release that it will make The Carrington Loan program available through its national wholesale lending division. This program was developed in order to support the company’s commitment to serve the “underserved” market and first-time homebuyers.

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