Remove purchasing first-time-homebuyer-guide
article thumbnail

Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.

Agents 403
article thumbnail

GSEs will not count buyer agent commissions as IPCs

Housing Wire

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. That remains an open question at this time.” The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Buyers 530
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 first-time homebuyer mistakes to avoid

Housing Wire

The first-time homebuyer process is a lengthy one, and if you’re not careful, there’s a lot that can throw you off-track. From low appraisals to surprise credit checks, a number of hurdles could slow your purchase or even derail it altogether. Want to make sure your purchase goes off without a hitch?

Insurance 534
article thumbnail

Fannie Mae changes homeowner education requirements

Housing Wire

million homebuyers have used its educational program. “We We are happy that Fannie Mae has used Framework to prove the efficacy of homebuyer education and as a social enterprise we applaud all efforts to get homebuyer education into more people’s hands,” a Framework spokesperson said. A Framework spokesperson said more than 1.2

Finance 479
article thumbnail

Need a real estate agent? Here’s how to pick the right one

Housing Wire

Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. But not every real estate agent is a match for every homebuyer. .

article thumbnail

Homebuyers put pets first when shopping for homes

Housing Wire

According to a recent Realtor.com survey , almost 95% of homebuyers consider their pets when purchasing a home. Purchasing your first home is an exciting time. That said, finding the right home can be challenging and time-consuming. A homebuyer’s guide to a competitive housing market.

HOA 477
article thumbnail

Looser mortgage credit may give first-time buyers a chance

Housing Wire

Department of Agriculture increased for the sixth time in seven months to its highest level in a year – up.4%, It’s an indicator that the non-QM sector is showing a strong rebound after many lenders pulled back from jumbo products in the first half of 2020. A homebuyer’s guide to a competitive housing market.

Buyers 515