First-Time Homebuyers

Challenged by a Down Payment? The Easiest Markets to Save For

August 23rd, 2018
One of the biggest challenges for first-time homebuyers is saving. Coming up with a down payment is a hurdle for the majority of millennials, shows study after study—but, there are areas where the average earnings are enough to save sufficiently,...

Drought Intensifies for Starter Supply

May 1st, 2018
There is all-but-dried up inventory on the market—and, for buyers at the entry level, any available homes are likely priced out of reach, according to the March Zillow® Real Estate Market Report. “This year’s home-shopping season is shaping up to...

First-Timers: Better Chances in Colorado and Texas

July 16th, 2018
The housing market today is unprecedented, and buyers are contending with cost pressures and short supply—but, according to a recent report by WalletHub, there are cities where conditions are more favorable for first-time homeowners: Broken Arrow, Okla. Tampa, Fla. Centennial,...

Buying for the First Time? Look Southeast

March 7th, 2018
Buyers fresh to the market are necessary—often, as a catalyst for other transactions. Currently, first-timers are in limbo, unable to afford or compete against the demand for scarce supply. At the entry level, there were 17.1 percent fewer options for...

Buyers Confronting ‘Perfect Storm’: Trulia

March 21st, 2018
First-time homebuyers are in for it this spring, with an all but depleted inventory at their price point, according to the Q1 2018 Inventory and Price Watch from Trulia. Their challenges, however, are more than scarcity. “First-time homebuyers face a...

Can Millennials Move On and Up?

April 8th, 2018
As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as...

Disenfranchised First-Timers: Solving the Need for Entry-Level Housing

April 15th, 2018
This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses the affordable housing shortage, and potential solutions. Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; Liaison for Large Firms & Industry Relations, NAR Panelists Bill Plattos,...

First-Time Homebuyers: Your Time Is Now

October 3rd, 2017
Fall is for first-timers. Seventy of the top 100 largest metropolitan areas see more starter homes on-market in October, November and December, relieving prices 4.8 percent over spring, according to the recently released Trulia Inventory and Price Watch. The most...

First-Time Homebuyers Are Knocking: Are They Being Let In?

October 30th, 2017
First-time homebuyers are eager to enter the housing market. Getting in the door is another story. First-time homebuyers accounted for 34 percent of sales this year, less than the 35 percent share in 2016 and off an average 39 percent...

The Best Cities for First-Time Homebuyers

July 22nd, 2017
Affordability is at the forefront of the minds of first-time homebuyers, who are contending with climbing prices and fierce competition. There are other considerations, however, that are important for first-time buyers, as well: cost of living, property crime rate, and...
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