Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
by Matt Carter Nov 29
Fannie Mae economists see home sales bottoming next year
Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — 'will remain in a way that has not occurred in over 40 years,' economists say
by Matt Carter Nov 21
Agent Outlook: It's harder than ever to get into the real estate market
Opinion
This will go down as one of the most challenging years for non-owners who would like to enter the market to begin building equity
by Eric Forney Oct 20
Always a bridesmaid, rarely a bride, first-time buyers make big return
First-time homebuyers now make up 45% of all transactions, up from 37% of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday
by Lillian Dickerson Oct 13
Homebuyer education, counseling no panacea for mortgage default
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
by Matt Carter Sep 9
Is it cheaper for me to rent or buy in today’s market?
Give your buyers the information they need to stay motivated to buy against rising prices, rents and rates. Homeownership is still key
by Bernice Ross Sep 6
First-time homebuyers may be driving FHA, VA loan surge
Applications for government-backed purchase mortgages were up 4% week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the Mortgage Bankers Association
by Matt Carter Aug 24
Let's talk: Nail the forgotten art of the buyer consult
Opinion
Mastering the buyer's consult establishes credibility with clients and helps agents find the most motivated buyers with the highest intent to transact
by Tom Toole Jul 27
Finances first: Getting started with first-time homebuyers
Opinion
Even with excellent credit and a good handle on their debt, when it comes to buying a home, especially the first one, homebuyers need a lot of additional help
by Ellen Sykes Jul 6
Americans know more about Kim Kardashian than homebuying
Nearly 90% of Americans know how many children Kim Kardashian has, but fewer than 33% know how to get pre-approved for a mortgage, according to a new survey from Zillow
by Marian McPherson Jun 17
How do we help first-time homebuyers without driving up costs?
Opinion
More and more lower-income or even middle-class households are going to be renting the American dream. This should be a red flag for our industry
by Chris Drayer May 5
Teaching first-time homebuyer seminars can boost your business. Here's how
When cultivated properly, first-time homebuyers can be a major long-term win for real estate agents and their businesses
by Arielle Hays Mar 7
Work with first-time buyers? Turn them on to Gravy, a down payment savings app
Real estate agents who work with first-time buyers or who use buyer education seminars as marketing tactics could deftly leverage this app to stay connected to participants
by Craig C. Rowe Mar 4
First-time homebuyers: These are the top housing markets of 2022
Magna? Chalco? Mauldin? Realtor.com rounded up the best markets for first-time homebuyers in 2022 and found that the best housing markets for first-time buyers are under the radar
by Lillian Dickerson Jan 10
housing market
The median sales price, meanwhile, soared 13.9% year over year in November as inventory plunged 13.3%, according to data released Wednesday by the National Association of Realtors
by Lillian Dickerson Dec 22