It has never been this challenging to be a first-time home buyer. Over the last year, as home prices inched toward new highs and the 30-year mortgage rate stayed firmly above 7%, first-time buyers ...
There have never been as few first-time buyers in the housing market, and the typical first-time buyer has never been as old as they are now. Those are among the key findings in the National ...
Buying a home in the fourth quarter of 2024 would have been like finding dirt-cheap eggs — difficult. Though home prices decreased slightly and the number of homes crept up, the market remained ...
62% of Black homebuyers purchased their first home last year, amid a nationwide downturn. While first-time homebuyer rates have dropped nationwide, Black buyers have seen the strongest rebound, ...
First-time homebuyers are typically defined as those entering the market who’ve never owned a home. However, anyone who has not owned a home for the last three years also qualifies as a first-timer.
With over four years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions as ...
This week, mortgage rates rose to their highest level since May 2024. The average rate on the 30-year fixed-rate mortgage went up three basis points to 7.07% in the week ending May 29, according to ...
“It’s kind of a shocking number,” said an economist with the National Association of Realtors. By Julia Carpenter The path to homeownership continues to get longer, with the median age of first-time ...
WalletHub and SmartAsset released their rankings of the best U.S. cities for first-time home buyers. Cities in Florida, Texas, Wisconsin and Arizona ranked as some of the best places to buy a first ...
Four years ago, the median age at which people purchased their first home in the U.S. was 33 years old. Now the age has sharply increased to 40 years old, a record high, according to a National ...