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#housing-market

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 US

The 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 struggles

Rising 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 soar

Rising 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 warns

Housing market overvaluation currently stands at 8%-10%, jeopardizing first-time buyers' affordability and reflecting trends similar to the Celtic Tiger era.

The Income You Need to Comfortably Afford the Median-Priced Home in America

Median sales price of houses in the U.S. reaches $412,000, marking a historic rise in the housing market.

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 US

The 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 struggles

Rising 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 soar

Rising 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 warns

Housing market overvaluation currently stands at 8%-10%, jeopardizing first-time buyers' affordability and reflecting trends similar to the Celtic Tiger era.

The Income You Need to Comfortably Afford the Median-Priced Home in America

Median sales price of houses in the U.S. reaches $412,000, marking a historic rise in the housing market.
morehousing-market
#homeownership

First-Time Homebuyers in New York in Line To Get Down Payment Help From $50 Million Pot

Gov. 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 $17K

States 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 Brooklyn

Many 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 house

ADUs 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 Process

Now may be the perfect time to buy a home with recent drops in mortgage rates.

Opinion: Housing industry gut check: Surveying the current landscape - HousingWire

Many 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 Pot

Gov. 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 $17K

States 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 Brooklyn

Many 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 house

ADUs 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 Process

Now may be the perfect time to buy a home with recent drops in mortgage rates.

Opinion: Housing industry gut check: Surveying the current landscape - HousingWire

Many Americans delay home purchases due to high costs, but there are resources available that can assist in achieving homeownership despite tough market conditions.
morehomeownership
from Business Matters
4 days ago

Mortgage reforms set to loosen for first-time buyers in pro-growth push

Easing mortgage rules may help first-time buyers access the property market more easily.
#real-estate

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 Said

The 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 Thing

Home buying can be confusing; staying within budget is crucial in today's market.
Buyer sentiments highlight the need for realistic expectations amidst rising prices.

Former Caribou founder launches Further, a fintech that's focused on helping people buy homes | TechCrunch

Further simplifies the home-buying financial process, especially for first-time buyers, using a comprehensive calculator that goes beyond simple metrics.

Hey, home buyers. Why are you waiting? 'The perfect scenario never comes.'

Buyers should focus on affordability and a supportive agent before entering the market.
Delaying buying due to interest rates may lead to higher competition later.

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 Said

The 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 Thing

Home buying can be confusing; staying within budget is crucial in today's market.
Buyer sentiments highlight the need for realistic expectations amidst rising prices.

Former Caribou founder launches Further, a fintech that's focused on helping people buy homes | TechCrunch

Further simplifies the home-buying financial process, especially for first-time buyers, using a comprehensive calculator that goes beyond simple metrics.

Hey, home buyers. Why are you waiting? 'The perfect scenario never comes.'

Buyers should focus on affordability and a supportive agent before entering the market.
Delaying buying due to interest rates may lead to higher competition later.
morereal-estate
#property-market

Buyers rush to beat stamp duty changes amid lengthy delays in house purchases

Homebuyers 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 purchases

Homebuyers 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.
moreproperty-market
#mortgage-rates

UK house prices jump in July; markets recover as Japan calms rate rise fears business live

Rising 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 buyer

The 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 sales

UK 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 live

Rising 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 buyer

The 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 sales

UK house prices increased by 1% in September, indicating a recovering housing market supported by lower mortgage rates and rising incomes.
moremortgage-rates

Unlocking the future: What investing in apartments in UAE in 2024 means for real estate insurance - London Business News | Londonlovesbusiness.com

In 2024, comprehensive property insurance plans will be essential for UAE apartment buyers to ensure holistic coverage, including building, interiors, and liability.
#uk-housing-market

UK house prices and sales volumes expected to grow next year despite budget

UK house sales are anticipated to rise by 5% to 1.15 million in 2025, driven by improved affordability and rising household incomes.

First time home buyers need 53k cash deposit as house prices march higher

The average deposit for a first-time buyer is £53,414, which is around 19% of the purchase price.
High interest rates and soaring house prices have forced homebuyers to save for 10 years to gather the required deposit.

Two thirds of first-time buyers get property in joint names, says mortgage giant

63% of first-time buyer mortgages are taken out jointly
Average property values for first-time buyers are 6.7 times the typical UK salary

UK house prices and sales volumes expected to grow next year despite budget

UK house sales are anticipated to rise by 5% to 1.15 million in 2025, driven by improved affordability and rising household incomes.

First time home buyers need 53k cash deposit as house prices march higher

The average deposit for a first-time buyer is £53,414, which is around 19% of the purchase price.
High interest rates and soaring house prices have forced homebuyers to save for 10 years to gather the required deposit.

Two thirds of first-time buyers get property in joint names, says mortgage giant

63% of first-time buyer mortgages are taken out jointly
Average property values for first-time buyers are 6.7 times the typical UK salary
moreuk-housing-market
#electric-vehicles

Best Electric Cars For First-Time EV Buyers

EV 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 Buyers

EV 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.
moreelectric-vehicles

People using Help-to-Buy scheme earn more and buy bigger homes than other first-time buyers

Help-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 Realty

First-time homebuyers should leverage down payment assistance resources to optimize their investment in the housing market.
#interest-rates

Mortgage rates finally fall for first-time buyers best deals compared

Mortgage 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 News

Toronto'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.

Mortgage rates finally fall for first-time buyers best deals compared

Mortgage 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 News

Toronto'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.
moreinterest-rates

Mortgage-switching levels pick up as first-time buyers approved for 1bn in home loans

Mortgage 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 ladder

London 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.

Calls to overhaul unfair' ISAs for first time buyers

Calls for unfair penalties on first-time buyer schemes to be overhauled
BSA and TISA call for reduction of penalty withdrawal fee on Lifetime Isas
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