Redfin reports average salary needed is $64,500, but there may be no starter homes.
Tagged: First-Time Homebuyers
Offering Special Purpose Credit Programs for HomeReady and Freddie Mac’s BorrowSmart Geo-Target.
LendingTree finds adult members of the generation are now first-time buyers.
Its Freddie Mac BorrowSmart Access offers borrowers in certain metros up to $3,000 that can be used toward a down payment and/or closing costs.
Says they will benefit from an estimated 5% drop in sale prices.
New Opportunities On The Horizon
Areas with more affordable housing should see relatively healthier markets and stronger sales in 2023.
Fannie Mae survey found that 36% of recent homebuyers sought just 1 mortgage quote.
They represent 45% of the market, up from 37% last year.
Nearly all teens (97%) surveyed thought it would be helpful if schools offered lessons that explained homeownership.