Tag Archives: Homebuying process

The average American homeowner was able to purchase their first home at nearly 29 years old, according to a new survey from Shane Co.'s The Loupe. The survey revealed that the average homeowner rents for roughly five years before purchasing a home, while more than 25% of respondents believe it's now impossible to afford a home as a single person in the current housing market.

As homebuyers' perception of the economy and affordability continue to worsen, nearly 40% of Americans planning to buy their first home in 2023 revealed now is a good time to buy, as many continue to search for homes and save for downpayments.

HUD Secretary Marcia L. Fudge will host a virtual event geared toward young adults to help dispel common myths and barriers to buying a home in today’s market and how federal programs can help smooth the path to homeownership.

A new analysis by Redfin found that home sales are being canceled at the highest rate recorded since the onset of the pandemic.

Angel Oak Home Loans has brought 30-year industry veteran Steve Valladares into the fold to manage its correspondent business line, and has announced four new branches in the western U.S.

The most commonly cited concern among potential homebuyers is coming up with enough money for that initial payment, which in some cases could cost as much as two-thirds of a buyer's yearly income, according to one poll.