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
Status of Recovery?
In this snapshot of where we are on the road towards a “normalized” housing market, Trulia chief economist Jed Kolko examines five key factors that impact the market. Bottom line
OC New Home Market Takes a Breather
It appears that the pace of new home sales in Orange County is pulling back from its once rapid pace. With a low supply and strong demand dynamic, homebuilders had
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.
