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Thomas Popik

First-Time Homebuyers Not Riding the Wave of Recovery

Housing Finance

Despite growing signs that the housing market is starting to recover from the depression-like conditions of the past few years, first-time homebuyers don’t seem to be benefiting from that recovery. According to the latest Campbell/Inside Mortgage Finance HousingPulseTracking Survey results, the first-time homebuyer share of home purchases fell to 34.7 percent in October. That was not only down from the 37.1 percent share seen as recently as June, but also the lowest first-time homebuyer share ever recorded in the HousingPulse survey.Click to continue

Investor Participation in Housing Market Falls to 21.9 Percent in July

Home Solo Pic

Investor participation in the housing market dropped sharply in July, establishing a two-month trend and showing a clear reversal of long-term growth in investor purchases of residential properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Investor participation in the housing market fell to 21.9 percent of all transactions in July, from 23.5 percent in June, based on a three-month moving average. Investor participation back in May of this year hit a two-year peak of 25.3 percent of all transactions.Click to continue

Survey Finds Lack of First-Time Homebuyers Hurting the Housing Market

Housing Dilemma Pic

The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey’s Distressed Property Index, an indicator of the health of the U.S. housing market, fell slightly to 47.7 percent in April, although sales of distressed properties continued to account for nearly half of the market. The HousingPulse Survey also showed the proportion of first-time homebuyers in the housing market fell to 35.7 percent in April compared to 43.4 percent just one year ago. This resulted in the gap between first-time homebuyers and distressed property supply climbing to 12 percent.Click to continue

Survey Says Foreclosure Mess Prompts Homebuyers to Avoid REOs and Distressed Properties

Bank Owned Door Sign

The ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. Meanwhile, both the share of home purchases involving distressed properties and average prices for foreclosed properties fell last month, the survey found.Click to continue

Survey finds nearly 50 percent of home purchases are distressed properties

Home Auction Pic

The share of home purchase transactions involving distressed properties surged to almost half in February, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. Last month, distressed properties, defined as involving homes acquired as part of a foreclosure or pre-foreclosure sale, accounted for 48.1 percent of the home purchase transactions tracked in the monthly survey. This was an increase from the 37.3 percent level recorded as recently as November. It was also the highest distressed property market share seen since last July.Click to continue

Survey finds pool of first-time homebuyers decreasing in size

Homes For Sale

First-time homebuyers, the most important segment of the home purchase market in 2009, were reducing their presence in the still-recovering U.S. housing market as last year drew to a close. According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, first-time homebuyers accounted for 42.5 percent of home purchases in December. That was a noticeable drop from the 44.9 percent share first-time homebuyers commanded in November and way down from the 46.9 percent share recorded in October.Click to continue