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first-time homebuyers

Mortgage Network Continues New England Expansion in Massachusetts

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Mortgage Network Inc. has announced the opening of a new branch office in Braintree, Mass., focusing on helping borrowers throughout Boston’s South Shore region with their home financing needs, and offering a full range of mortgage loans that include conventional, non-conventional, government and reverse mortgage loans.Click to continue

Study Casts Dim View on the Financial Health of Millennials

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For many financial services experts, Millennials—the demographic between the ages of 18 and 34—represent a future of great potential. However, a new survey confirms that while the future might seem encourage, the present offers reason for apprehension.Click to continue

Discover Survey: Technology Great Tool for Advancing Homeownership

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Consumers use technology to do just about everything, including looking for and buying a home. A recent independent poll commissioned by Discover Home Loans shows that 89 percent of homebuyers use some form of online technology to help them with the homebuying process. In fact, 76 percent of buyers feel technology made them a smarter homebuyer and 69 percent said it made them more confident.Click to continue

Study: Most First-Time Homebuyers Confused About Mortgage Process

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While the number of first-time homebuyers continues to decline, many of the remaining neophyte property purchasers complain that they are having problems understanding how the mortgage origination process works.Click to continue

First-Time Homebuyers Stunted by Weak Economic Situations

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Shifting demographics and would-be first-time homebuyers financially ill-prepared to buy will continue to hold back the housing market over the next several years, according to the latest Zillow Home Price Expectations Survey. Despite these hurdles, nearly all of the 107 panelists surveyed said they expect the housing market to normalize within the next five years.Click to continue

Existing-Home Sales Expected to Rise in 2015

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Existing-home sales are expected to be higher in 2015 and prices will remain at a healthier level of growth that benefits both buyers and sellers, according to an economic forecast at a residential forum during the 2014 Realtors Conference & Expo. Lawrence Yun, chief economist of the National Association of Realtors (NAR), was joined by Mel Watt, Director of the Federal Housing Finance Agency (FHFA), who discussed issues preventing consumers from becoming homeowners, and Julian Castro, Secretary of the Click to continue

Number of U.S. First-Time Homebuyers Plummets

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Despite an improving job market and low interest rates, the share of first-time homebuyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released by the National Association of Realtors (NAR). The survey additionally found that an overwhelming majority of buyers search for homes online and then purchase their home through a real estate agent. Click to continue