Posts Tagged ‘first time home buyers’

New Research Shows Housing Is Affordable For First-Time Buyers

Friday, May 17th, 2019

  Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. […]

The Benefits of a 20% Down Payment

Thursday, May 16th, 2019

If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth […]

With Housing Inventory Low: Will Your Dream Home Need Some TLC?

Thursday, May 2nd, 2019

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief […]

First-Time Home Buyers Continue to Put Down Less Than 6%!

Wednesday, August 8th, 2018

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential home buyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time […]

Is Your First Home Within Your Grasp?

Thursday, May 31st, 2018

Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now!  

Which Comes First… Marriage or Mortgage?

Monday, March 19th, 2018

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. But, many couples […]

2 Major Myths Holding Back Home Buyers

Monday, February 5th, 2018

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Home buyers often overestimate the down payment […]

“Old Millennials” are diving into home ownership

Monday, August 22nd, 2016

  According to the US Census Bureau, “old Millennials”’ are defined as 25-36 year olds . It’s strange as a GenXer to think of millennials as “old,” but this up and coming generation are now in their mid 30’s. They are getting married, starting a families and buying homes.  The proof is in the pudding. According to NAR’s […]

Is your first home within your grasp now?

Wednesday, June 15th, 2016

Don’t sit on the sidelines, buy your first home now! There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they […]

The Home Buying Journey in Colorado

Tuesday, February 16th, 2016

The journey for buying a home is different in every state. Colorado has its own set of processes that are different than other states. Having worked real estate deals in different states, I must say that Colorado has one of the easier processes, unless you are talking about water rights, then that’s a whole different ball game. […]



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