First-time homeownership slips further out of reach without family assistanceOnly 11.5% of first-time buyers can afford homes without family help, highlighting the growing dependence on external financial support.
There Are Now 30 Renters for Every Home for Sale in the U.S.The U.S. housing market is experiencing a severe supply shortage, with 30 renter households vying for each available home, complicating first-time buyers' efforts.
Homes for sale in short supply as there's now 30 renters for every house on the market in USThe U.S. housing market is at a critical low for available homes, creating a tough environment for first-time buyers.
100,000 home-price increase in last five years highlights first-time buyer strugglesRising home prices and a shortage of properties are driving first-time buyers to take on higher mortgages than ever before.
First-time buyers forced to borrow an extra 24,000 as house prices soarRising property prices significantly outpace income growth, creating affordability challenges for first-time buyers in Ireland.
Families now taking on Celtic Tiger-level debts to buy home, ESRI report warnsHousing market overvaluation currently stands at 8%-10%, jeopardizing first-time buyers' affordability and reflecting trends similar to the Celtic Tiger era.
First-time homeownership slips further out of reach without family assistanceOnly 11.5% of first-time buyers can afford homes without family help, highlighting the growing dependence on external financial support.
There Are Now 30 Renters for Every Home for Sale in the U.S.The U.S. housing market is experiencing a severe supply shortage, with 30 renter households vying for each available home, complicating first-time buyers' efforts.
Homes for sale in short supply as there's now 30 renters for every house on the market in USThe U.S. housing market is at a critical low for available homes, creating a tough environment for first-time buyers.
100,000 home-price increase in last five years highlights first-time buyer strugglesRising home prices and a shortage of properties are driving first-time buyers to take on higher mortgages than ever before.
First-time buyers forced to borrow an extra 24,000 as house prices soarRising property prices significantly outpace income growth, creating affordability challenges for first-time buyers in Ireland.
Families now taking on Celtic Tiger-level debts to buy home, ESRI report warnsHousing market overvaluation currently stands at 8%-10%, jeopardizing first-time buyers' affordability and reflecting trends similar to the Celtic Tiger era.
The death of hallways: New home builds are like "Tetris"Homebuilders are pivoting to smaller homes to address affordability for first-time buyers.
What are the hidden costs of buying a house - on top of the purchase price?Hidden costs in home buying can catch buyers off guard and must be accounted for in budgeting.
I Asked Real Estate Pros What Buying a Home Will Be Like in 2025. Here's What They SaidThe 2025 housing market is expected to be more balanced, with inventory rising and negotiation possibilities increasing for buyers.
We Asked Recent Buyers About the Compromises They Made to Buy a Home - And They All Said the Same ThingHome buying can be confusing; staying within budget is crucial in today's market.Buyer sentiments highlight the need for realistic expectations amidst rising prices.
Buying a house at auction: 'There have been instances of impulsive purchasers winning a bid and having to beg family and friends for the funds'Professional advice is crucial for rookie buyers at auctions to avoid mistakes.
Foyer unlocks $6.2M to help people save up to buy homes | TechCrunchFoyer helps potential homebuyers save for down payments and offers tailored guidance, addressing the challenges of the current real estate market.
The death of hallways: New home builds are like "Tetris"Homebuilders are pivoting to smaller homes to address affordability for first-time buyers.
What are the hidden costs of buying a house - on top of the purchase price?Hidden costs in home buying can catch buyers off guard and must be accounted for in budgeting.
I Asked Real Estate Pros What Buying a Home Will Be Like in 2025. Here's What They SaidThe 2025 housing market is expected to be more balanced, with inventory rising and negotiation possibilities increasing for buyers.
We Asked Recent Buyers About the Compromises They Made to Buy a Home - And They All Said the Same ThingHome buying can be confusing; staying within budget is crucial in today's market.Buyer sentiments highlight the need for realistic expectations amidst rising prices.
Buying a house at auction: 'There have been instances of impulsive purchasers winning a bid and having to beg family and friends for the funds'Professional advice is crucial for rookie buyers at auctions to avoid mistakes.
Foyer unlocks $6.2M to help people save up to buy homes | TechCrunchFoyer helps potential homebuyers save for down payments and offers tailored guidance, addressing the challenges of the current real estate market.
Will Labour help Londoners get on the property ladder, as they promise to build 1.5 million new homes?Housing affordability for first-time buyers in London has reached record levels, necessitating higher deposits compared to the rest of the UK.
Nationwide warns Reeves against cutting tax breaks on cash IsasCutting tax breaks on cash ISAs could hinder mortgage availability for first-time buyers.
Will Labour help Londoners get on the property ladder, as they promise to build 1.5 million new homes?Housing affordability for first-time buyers in London has reached record levels, necessitating higher deposits compared to the rest of the UK.
Nationwide warns Reeves against cutting tax breaks on cash IsasCutting tax breaks on cash ISAs could hinder mortgage availability for first-time buyers.
Mortgage rates finally fall for first-time buyers best deals comparedMortgage approvals for home buyers have surged due to a drop in mortgage rates, providing relief for first-time buyers and those with smaller deposits.
Toronto-area home sales decline in August, but rate cut could spur activity: board | CBC NewsToronto's housing market experienced decreased sales and slightly lower prices in August 2023, influenced by rising mortgage costs and new Bank of Canada rate cuts.
Martin Lewis on the single biggest factor that'll change your mortgage rateLoan to Value (LTV) ratio significantly impacts mortgage rates.Higher deposits or equity lead to lower interest rates.Mortgage rates are priced in bands, improving with lower LTV ratios.Home values can fluctuate, affecting LTV over time.
Mortgage rates finally fall for first-time buyers best deals comparedMortgage approvals for home buyers have surged due to a drop in mortgage rates, providing relief for first-time buyers and those with smaller deposits.
Toronto-area home sales decline in August, but rate cut could spur activity: board | CBC NewsToronto's housing market experienced decreased sales and slightly lower prices in August 2023, influenced by rising mortgage costs and new Bank of Canada rate cuts.
Martin Lewis on the single biggest factor that'll change your mortgage rateLoan to Value (LTV) ratio significantly impacts mortgage rates.Higher deposits or equity lead to lower interest rates.Mortgage rates are priced in bands, improving with lower LTV ratios.Home values can fluctuate, affecting LTV over time.
Rising house prices force new home buyers to borrow 65,000 more than four years agoAverage mortgage values are at record highs amid a property shortage.First-time buyers are borrowing significantly more than in previous years.
First-Time Homebuyers in New York in Line To Get Down Payment Help From $50 Million PotGov. Kathy Hochul proposes $50 million to aid first-time homebuyers in New York amid challenging market conditions.
Down payment assistance programs continue to grow, with an average benefit of $17KStates are implementing more down payment assistance programs to aid first-time buyers, with notable increases in both quantity and targeted support.
See What This Couple Who Won the NYC Housing Lottery Bought in BrooklynMany first-time homebuyers struggle amidst a low market share, yet some families succeed through programs like the New York Housing Lottery.
A California couple built a $500,000 ADU in their parents' backyard when they couldn't afford to buy a traditional houseADUs offer a practical alternative for many Americans facing high housing costs and limited options, aiding both homeowners and first-time buyers.
Home Buying Checklist: A Step-by-Step Survival Guide for the Home Buying ProcessNow may be the perfect time to buy a home with recent drops in mortgage rates.
Opinion: Housing industry gut check: Surveying the current landscape - HousingWireMany Americans delay home purchases due to high costs, but there are resources available that can assist in achieving homeownership despite tough market conditions.
First-Time Homebuyers in New York in Line To Get Down Payment Help From $50 Million PotGov. Kathy Hochul proposes $50 million to aid first-time homebuyers in New York amid challenging market conditions.
Down payment assistance programs continue to grow, with an average benefit of $17KStates are implementing more down payment assistance programs to aid first-time buyers, with notable increases in both quantity and targeted support.
See What This Couple Who Won the NYC Housing Lottery Bought in BrooklynMany first-time homebuyers struggle amidst a low market share, yet some families succeed through programs like the New York Housing Lottery.
A California couple built a $500,000 ADU in their parents' backyard when they couldn't afford to buy a traditional houseADUs offer a practical alternative for many Americans facing high housing costs and limited options, aiding both homeowners and first-time buyers.
Home Buying Checklist: A Step-by-Step Survival Guide for the Home Buying ProcessNow may be the perfect time to buy a home with recent drops in mortgage rates.
Opinion: Housing industry gut check: Surveying the current landscape - HousingWireMany Americans delay home purchases due to high costs, but there are resources available that can assist in achieving homeownership despite tough market conditions.
Mortgage reforms set to loosen for first-time buyers in pro-growth pushEasing mortgage rules may help first-time buyers access the property market more easily.
Buyers rush to beat stamp duty changes amid lengthy delays in house purchasesHomebuyers are rushing to finalize transactions before the April 2025 deadline for stamp duty relief ends.
Warning over Lifetime ISAs as savers risk being fined or frozen out'The Lifetime ISA has strict property value limits that frustrate first-time buyers seeking affordable housing.
New 5,000 deposit mortgage allows homeowners to borrow up to 99%A new 5,000 deposit mortgage has been launched for first-time buyers, allowing potential borrowing up to 99% of property value.Mortgage applicants must still demonstrate strong creditworthiness and pass affordability assessments despite the low deposit requirement.
Buyers rush to beat stamp duty changes amid lengthy delays in house purchasesHomebuyers are rushing to finalize transactions before the April 2025 deadline for stamp duty relief ends.
Warning over Lifetime ISAs as savers risk being fined or frozen out'The Lifetime ISA has strict property value limits that frustrate first-time buyers seeking affordable housing.
New 5,000 deposit mortgage allows homeowners to borrow up to 99%A new 5,000 deposit mortgage has been launched for first-time buyers, allowing potential borrowing up to 99% of property value.Mortgage applicants must still demonstrate strong creditworthiness and pass affordability assessments despite the low deposit requirement.
UK house prices jump in July; markets recover as Japan calms rate rise fears business liveRising confidence and lower mortgage rates drive house price increases.
3 reasons buying a home could get easier in 2025 - unless you're a first-time buyerThe US housing market may experience a slight cooling in 2025, making home buying easier, but challenges persist for younger buyers.
Stamp duty concerns ahead of budget as UK house prices rise amid record salesUK house prices increased by 1% in September, indicating a recovering housing market supported by lower mortgage rates and rising incomes.
UK house prices jump in July; markets recover as Japan calms rate rise fears business liveRising confidence and lower mortgage rates drive house price increases.
3 reasons buying a home could get easier in 2025 - unless you're a first-time buyerThe US housing market may experience a slight cooling in 2025, making home buying easier, but challenges persist for younger buyers.
Stamp duty concerns ahead of budget as UK house prices rise amid record salesUK house prices increased by 1% in September, indicating a recovering housing market supported by lower mortgage rates and rising incomes.
Unlocking the future: What investing in apartments in UAE in 2024 means for real estate insurance - London Business News | Londonlovesbusiness.comIn 2024, comprehensive property insurance plans will be essential for UAE apartment buyers to ensure holistic coverage, including building, interiors, and liability.
UK house prices and sales volumes expected to grow next year despite budgetUK house sales are anticipated to rise by 5% to 1.15 million in 2025, driven by improved affordability and rising household incomes.
Best Electric Cars For First-Time EV BuyersEV sales are expanding beyond early adopters to first-time buyers who demand practicality, range, and modern features.
Tesla Model 3 vs. Model S: Which EV should you purchase?Model 3 is cheaper and faster but less roomy than Model S.The significant price difference influences first-time buyers' decisions.Model S offers more comfort and storage capacity at a higher price.
Best Electric Cars For First-Time EV BuyersEV sales are expanding beyond early adopters to first-time buyers who demand practicality, range, and modern features.
Tesla Model 3 vs. Model S: Which EV should you purchase?Model 3 is cheaper and faster but less roomy than Model S.The significant price difference influences first-time buyers' decisions.Model S offers more comfort and storage capacity at a higher price.
People using Help-to-Buy scheme earn more and buy bigger homes than other first-time buyersHelp-to-Buy scheme beneficiaries are usually younger, have smaller deposits, and often could afford homes without the scheme.The scheme may be ineffective in meeting its goal of helping lower-income new buyers.
First Time Boston Condo Buyers: Help Assistance Programs Boston Condos For Sale Ford RealtyFirst-time homebuyers should leverage down payment assistance resources to optimize their investment in the housing market.
Mortgage-switching levels pick up as first-time buyers approved for 1bn in home loansMortgage approvals surged by 23% year-on-year, driven by first-time buyers and those switching from fixed rates.
On the House: How Early Should I Begin Searching for a Home?First-time homebuyers should give themselves at least six months to find a home.Consider market competition, location, and budget when deciding when to start home search.
Ideal homes in each south east London borough for getting on the property ladderLondon is the most expensive city for first-time property buyers with an average spend of 547,560.Bromley, Bexley, and Lewisham offer more affordable options for first-time buyers in London.