by kramoltz@hotmail.com | Mar 13, 2023 | Home Buying, Mortgages + Lending, Real Estate Facts & Figures
1. First-time Buyers are Scarce. The first-time buyer share of the market dropped to 26% over the past year. Historically, first-time buyers buy around 40% of homes. The reason was the high prices and the rise in interest rates. Hopefully the price correction...
by kramoltz@hotmail.com | Apr 28, 2021 | Home Buying
A significant amount of first time buyers are prevented from buying a home because they don’t have an enough money for a down payment. According to Nerdwallet, that percentage is 38%. Another survey says 44% of people can’t buy a new home due to insufficient cash to...
by kramoltz@hotmail.com | Jul 7, 2016 | Arizona and Its Amenities, Real Estate Facts & Figures
The metro Phoenix, Arizona cities of #Gilbert (4th), #Chandler (10th), and #Peoria (at 13th) are ranked among the best medium sized U.S. cities for first time #homebuyers according to the NAR. #Arizona as a state ranks 10th in the nation.
by kramoltz@hotmail.com | Feb 8, 2016 | Arizona and Its Amenities
More first-time home buyers are expected to enter the market in 2016, but which areas of the country will they likely be most attracted to? Money Source, a nationwide correspondent lender, reviewed more than 70,000 loan applications, city-specific median home prices,...
by kramoltz@hotmail.com | Jan 4, 2016 | Home Buying, Real Estate Facts & Figures
The share of first-time buyers declined for the third consecutive year according to an annual survey by the National Association of REALTORS. First-time sales remained at their lowest point in nearly 3 decades, and was the 2nd lowest since inception of the study. The...
