Home Buyers Archive

Rapidly Diminishing REO Foreclosure Sales

The number of foreclosed home sales has been rapidly falling and could essentially vanish by next year.  Those who specialize in foreclosure sales should therefore look towards other line of business. In August, foreclosed sales comprised only 6 percent...

The Home Search Process (2004-2013)

Looking at the interactive graph below, there is an obvious increase of people who started their home search online. Indeed, the share of people using the Internet has increased by 28% since 2004. In 2013, 48% of first-time home...

New Credit Models Could Help, Someday

The Fair Isaac Corporation recently introduced a new scoring model. The model could help to expand credit to first-time and minority groups. But there is a problem: Fannie Mae and Freddie Mac, who support the majority of the mortgage...

Sales to Investors Decline in Most States in August 2014

As reported in the August 2014 REALTORS® Confidence Index (RCI) Report, the share of sales for investment purposes in August 2014 was estimated at 12 percent, down from the average of about 18-20 percent in 2010-2013. The chart below...

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...