first time buyers Archive

REALTORS® Confidence Index Survey: November 2014 Survey Highlights

REALTORS® reported that their confidence in local real estate market conditions in November 2014 was broadly steady compared to October, although slightly down from a year ago. The REALTOR® Confidence Index-Current Conditions for the current single family home outlook...

Signs Suggest Looming Opportunity for First-time Buyers

CoreLogic reported Thursday that the number of underwater homes, properties worth less than what is owed on them, fell from 6.3 million to 5.3 million between the 1st and 2nd quarters of 2014. This change is large and important...

INTERACTIVE MAPS: Median Age of Home Buyers (2003-2013)

The median age of First-Time Home Buyers was 31 years old in 2013, but it differs slightly each year. The maps below show the median age of home buyers at the state-level for the past decade (2003-2013). There is...

Sales to First Time Buyers: 28 Percent of Sales

Approximately 28 percent of REALTOR® respondents reported that their last transaction in June was by a first time home buyer (27 percent in May) [1], according to the June 2014 REALTORS® Confidence Index. Tight underwriting standards are especially challenging...

Homeownership Rate in the Second Quarter of 2014

The homeownership rate fell to 64.8 percent in the second quarter.  It marks the lowest ownership rate in nearly 20 years.  After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the...