Home Buyers Archive

Return Buyers: Many Already Here, Many More to Come

Executive Summary Default rates jumped in 2006 and between then and 2014 nearly 9.3 million borrowers were foreclosed on, received a deed in lieu of foreclosure, or short sold their home.  To date, nearly a million of these former...

Using NAR Research to Address Prospective Buyer Concerns “Credit Is Tight. Can I Get a Mortgage?”

Credit availability is currently easing—but is still tight for many people.  Work by Dr. Laurie Goodman of the Urban Land Institute (summarized in a REALTOR® University presentation)  shows that the proportion of potential home buyers with credit under 660 is...

Using NAR Research to Address Prospective Buyer Concerns “Why Not Rent? I Can’t Afford to Buy!”

Some people who should not buy a house:  for example, anyone who is planning to move in a few years.  People with overextended credit are also probably not good candidates for homeownership.  However, home ownership—instead of renting–appears to be...

Using NAR Research to Address Prospective Buyer Concerns “What Will Housing Prices Do? Is it Safe to Buy?”

No one really knows what housing prices will do in the short run:  to quote J.P. Morgan on the stock market, “They will fluctuate.”  Experience during the Great Recession showed how markets become unpredictable during a crisis.  However, for...

Using NAR Research to Address Prospective Buyer Concerns “I’m Worried About Mortgage Rates”

Interest rates are in the news:  Projected to rise from their historically low levels as the Federal Reserve winds down Quantitative Easing.  Is this a major problem for the prospective buyer?  The Answer: “Probably Not.” Obviously, buying a home...