Uptick in First-Time Homebuyer Activity
With a number of factors contributing – low mortgage rates, improving economy, easing credit requirements, slowing price appreciation, higher rents – it appears that first-time homebuyers are moving off the fence and buying again. Both anecdotal reports and statistical measures seem to confirm that this dynamic is beginning to take hold, although it remains to be seen whether the activity is a blip or a more meaningful trend.
About author
You might also like
New Homes Sales Up
February new home sales data came in at 539,000 units. This marks a 7.8% improvement from the prior month and a 24.8% increase from the year ago period. While it
A New Generation of Young Home Buyers is Tiptoeing into the Market
Newly married and in their mid-20s, San Clemente residents Josh and Kayleigh Hyink were ready for the next step in their “master plan.”
Homebuilder Optimism Looking Up
The NAHB Builder Confidence Index rose 4 points in April to 56. This was the first rise in five months although the index had never dropped below 50 during this
