Return of the First-Time Homebuyer?
Lawrence Yun, Chief Economist of the National Association of Realtors, sees 2015 as a potential turnaround point for the return of the first-time homebuyer. While the recovery thus far has primarily been concentrated on the upper end of the market, Yun cites factors such as stronger job creation, loosening mortgage underwriting standards and the return of 3% mortgage products as reasons why first-time homebuyers could come back in larger numbers in 2015.
About author
You might also like
Builders Say Union-Backed Wage Bill Could Raise Housing Costs
By Philip Molnar The latest fight between the homebuilding industry and unions is brewing in Sacramento over a bill that could require higher wages to workers on many residential projects.
Corelogic’s 2015 Housing Outlook
For 2015, Corelogic sees the lower-end / first-time homebuyer market taking primacy over the higher-end price category as employment growth strengthens, particularly among the first-time homebuyer age group. As a
Are Inland Empire Residents Locked Out of the Housing Market?
By Kelsi Maree Borland Things are bad on the home front for California and the Inland area. New single-family home construction is far below demand, and while new-home prices in
