Housing Wire
FEBRUARY 15, 2024
were 65 and older as of 2020, up from 13% in 2010,” the report reads. Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A Older generations have an outsized level of influence over the U.S.
Housing Wire
JANUARY 29, 2021
Last year, buyer demand increased due to record low mortgage rates. Low-interest rates are great for potential buyers. For example in 2010, the average home price in Denver, Colorado was $246,680. Keep in mind though, a great deal of money goes into buying a new house (regardless of the property type).
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Will Springer Realtor
FEBRUARY 9, 2022
The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. between 2010 and 2020 to edge out Denver (22.9%) and Portland, Ore. home buyers. It can often be trying and tiring.
Housing Wire
AUGUST 24, 2023
However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. said Sturtevant.
The Robert Weiler Company
SEPTEMBER 7, 2022
First-time home buyers are choosing Ohio. Millennial home buyers are flocking to Ohio. Four cities in Ohio are listed within the first 10 spots of the August 2021 “Top 20 Cities for Millennial Home Buyers” report from Clever. Access to a large number of land buyers.
Quicken Loans
APRIL 12, 2021
That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. In an REO, the bank is the sole owner of the property.
Will Springer Realtor
MAY 9, 2022
That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.
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