Home Buyers Archive

Downpayment Sources For Recent Home Buyers, 2005-2010

Home buyers are asked the source of the downpayment for their recent home purchase in the Profile of Home Buyers and Sellers.  The most common source for downpayments has consistently been savings for the last five years, however this has risen in...

Investment Properties Attract 4.1 Percent Of First-Time Buyers

The first half of the year, the economy progressed at a weak pace—0.4 percent in the first quarter and 1.3 percent in the second. Real estate markets mirrored this trend, with soft residential sales and slowing commercial fundamentals. However,...

10% Of First-time Buyers Purchased Home With Cash

In July, existing home sales declined from the previous month, maintaining a soft pace. Contract cancellations and delays were partly responsible. With banks retaining tight underwriting standards, many buyers find their mortgage application declined. In addition, appraised values are...

The Widening Gap between New and Existing Home Prices

The price of newly constructed homes refuses to budge downwards.  After hitting the cyclical low of $204,000 in October of 2010, the typical transaction price of new homes has been around $220,000.  In July, the median sold price of...

Seven Out of Ten Renters Say Owning a Home is a Top Priority

This is a guest blog post by Lora McCray, NAR’s Manager of Housing Opportunity. Last month the NAR’s Housing Opportunity program released the findings from its 2011 Housing Pulse Survey, which is an annual survey we conduct to gain...
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August 31, 2011