New data from Coldwell Banker sheds light on the state of homeownership and how housing affordability is reshaping family life, the economy, and the pursuit of major life milestones
Tagged: First-Time Homebuyers
The average U.S. homeowner is spending nearly $16,000 annually on expenses beyond their average mortgage payment, led by home insurance premiums, a hidden cost that has surged 48% nationwide since February 2020
While VA loans provide a great opportunity for first-time veteran homebuyers to purchase a home without a substantial downpayment, the tradeoff of a bigger loan with higher monthly costs has some vets opting for conventional loans
Raisin's “2025 State of Homebuying Report” reveals that 96% of Americans planning to buy face significant challenges, with affordability emerging as the top obstacle, as the average buyer must save for six years in order to afford a downpayment
NAR has found that the share of first-time homebuyers has contracted by 50% since 2007, as affordable inventory continues to run scarce for those just entering the market
A new National Association of Realtors poll reveals that the average median downpayment for a home was 19%, with first-timers buyers putting down just 10% of the purchase price, and repeat buyers putting down up to 23% of the purchase price
A new study examines the ideal time of year for home shoppers to take advantage of the best bargains, especially first-time buyers who are not burdened with having to sell their current home
Over 100,000 condos on the market and even rookie buyers won’t touch them
Why the next generation of potential buyers is choosing investment apps over mortgages — and what originators and brokers can do about it
Study finds typical homeowner now over 50 years old, spotlights metros with youngest, oldest homeowners