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Tag Archives: First-Time Homebuyers

Mortgage Risk Levels Remain Elevated in October

The American Enterprise Institute's (AEI) National Mortgage Risk Index for home purchase loans stood at 11.4 percent in October, little changed from the previous three-month average but nearly 1 percentage point above its year-ago level, the group said Monday.

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Existing-Home Sales Hit 13-Month High

Total existing-home sales in October, including single-family houses, townhomes, condominiums, and co-ops, came in at a seasonally adjusted annual rate of 5.26 million, up 1.5 percent from an upwardly revised estimate of 5.18 million in September, according to transaction data from the National Association of Realtors (NAR).

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Survey: Student Loans a ‘Key Obstacle’ in Purchasing Homes

NeighborWorks' Second Annual America at Home Survey showed that student loan debt and perceived overtightness of lending has prevented or delayed homeownership despite the fact that 60 percent of American adults surveyed said owning a home was either "the most important" or a "very important" part of the American dream.

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First-Time Buyer Share Hits 27-Year Low

In its annual survey of homebuyers and sellers, the National Association of Realtors (NAR) found that only about 33 percent of home purchases in the last year were made by first-time buyers, down from 38 percent in last year's survey and the long-term average of 40 percent.

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Pending Home Sales Retreat in August

The National Association of Realtors (NAR) reported a 1.0 percent decline in its Pending Home Sales Index for August. The drop brings the index down to 104.7, its second highest reading so far this year. The drop in the pending sales measure came in the same month that the association reported a dip in existing-home sales.

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Report: Student Debt to Drive 2014 Home Sales Down 8%

Going against recent assertions that student debt may not prove as big a hindrance to the housing market as feared, a new report from researchers at John Burns Real Estate Consulting argues that student loans could cost the industry tens of billions of dollars this year alone.

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Analysts: Don’t Count Millennials Out Yet

Despite concerns about their current presence, millennials still have a major role to play in shaping the housing market in the coming years, researchers assert in a new report from the Demand Institute (TDI). Based on an analysis of economic and consumer research over the last 18 months, TDI predicts the number of households headed by millennials will reach 21.6 million by 2018, representing an increase of 8.3 million since 2013.

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Survey: Americans Stymied by Homebuying Confusion

In a poll of more than 2,000 consumers, Wells Fargo found 68 percent feel that now is a good time to buy a home, and 95 percent want to own if they don't already. On the other hand, while nearly three-quarters of respondents in Wells Fargo's survey said they "know and understand" the financial process involved in buying a home, large numbers also expressed doubt or misguided notions about homebuying requirements.

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