Home Ownership Archive

FHA Fee Reduction On Hold

On Friday, the new administration suspended a 25 basis point fee reduction that the past administration announced on the 9th of January. NAR research estimated that the fee reduction would have benefited 750,000 to 850,000 homebuyers in 2017 whose...

An Influx of Young Members to the REALTOR® Family

The 2016 Member Profile shows some interesting changes in the demographics of National Association of REALTORS® (NAR) members. There are several major trends that have emerged from the data; the foremost is that there were many younger, new members...

Millennials and the Desire to Buy by Region

In the latest HOME (Housing Opportunities and Market Experience) Survey, 96 percent of buyers 34 and under answered yes to the question: “Do you ever want to buy a home in the future?” Millennials are already the largest group...

Gen X: Millennials Are Not the Only Generation that Wants to Buy

While Millennials, or Gen Y, are the largest group of homebuyers, Gen X is also an important generational group. For starters they comprise 26 percent of recent buyers and are the most racially and ethnically diverse population of buyers[1]....

New Closing Docs – A Problem this Summer?

REALTORS ® are familiar with the many documents that consumers see at closing.  In an effort to streamline the documentation and to provide important consumer protections, the Consumer Financial Protection Bureau will require lenders to implement new closing documents...