Over 1/3 of all real estate purchases are first time homebuyers and this infographics helps us understand who they are. We used data collected by the National Association of Realtors and turned it into a fun way to digest the information. Check out our very first infographic and feel free to share it: (Click on ...
Category: Real Estate Market
More Americans Confident They Can Get Mortgages
The housing slowdown may have been accompanied by an inability for potential homeowners to obtain mortgages, but the latest Fannie Mae National Housing Survey shows movement on the mortgage consumption-front. For the month of November, 51% of survey respondents said it would now be easier to obtain a mortgage. This larger vote of confidence suggests [...]
Mortgage Lenders See Tighter Credit Under New U.S. Rules
Mortgage bankers and Realtors are warning that it could become even harder for borrowers to qualify for a home loan early next year as the industry faces a barrage of new rules. Regulators are preparing to release the language of two rules taking effect in January to set standards for non-abusive lending and require banks [...]
15 Year Old Buys Her 2nd Investment Property in Florida
Willow Tufano is a 15 year old girl that has just purchased her second investment home in Port Charlotte, FL. She found this steal on the MLS for $17,500 and began renovations on Monday. Where does Tufano get the money to buy houses? She finds free items, fixes them up, and sells them on Craigslist. [...]
Is Now the “Perfect Storm” for Home Buyers?
Barry Habib with Mortgage Market Guide was a guest on the CNBC show Squawk Box yesterday and shared some great insight on why now is the “perfect storm” for homebuyers. He points to three big reasons all renters should jump into homeownership: 1. Rent rates are increasing in some markets. It is becoming increasingly more [...]
Housing Market Turns Corner; U.S. Home Values Post First Annual Increase In Nearly Five Years
Zillow’s second quarter Real Estate Market Reports, released today, show home values increased 2.1% from the first to the second quarter of 2012 to $149,300 (Figure 1). On an annual basis, home values rose 0.2% from June 2011 levels (Figure 2), marking the first annual increase in U.S. home values since 2007. In addition to showing ...