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Ten mistakes first-time buyers make - London Business News | Londonlovesbusiness.com

Buying a first home is both a milestone and a challenging process, requiring careful planning and consideration.
#housing-market

Homes are so expensive a record number of first-time buyers needed an inheritance

The U.S. housing market is increasingly inaccessible for younger buyers, with inheritances playing a critical role in homeownership.
First-time homebuyers are older, wealthier, and increasingly reliant on inheritances to afford down payments.

This Is the How Old the Typical First-Time Homebuyer Is, According to a New Report

The median age of first-time homebuyers has reached an all-time high of 38 years in 2024 due to rising housing costs.

Kamala Harris' Housing Plan Might Change Homeownership for Good - Here's Everything We Know

Kamala Harris proposes $25,000 in down payment assistance for first-time homebuyers to address housing market affordability.
Harris' initiative may impact existing housing supply and overall market dynamics.
The plan includes incentives for builders and aims to allocate federal land for new homes.

3 ways first-time homebuyers are navigating a hostile market that's increasingly inaccessible to the average American

First-time homebuyers face unprecedented challenges due to supply shortages, high mortgage rates, and rising home prices.

What real estate leaders need to know about the 2025 housing market

2025 will see a continued divide in the housing market based on affordability, impacting both trade-up and first-time homebuyers.

$1 million starter homes are more common than ever

Affordability crisis in housing market worsening for first-time buyers.

Homes are so expensive a record number of first-time buyers needed an inheritance

The U.S. housing market is increasingly inaccessible for younger buyers, with inheritances playing a critical role in homeownership.
First-time homebuyers are older, wealthier, and increasingly reliant on inheritances to afford down payments.

This Is the How Old the Typical First-Time Homebuyer Is, According to a New Report

The median age of first-time homebuyers has reached an all-time high of 38 years in 2024 due to rising housing costs.

Kamala Harris' Housing Plan Might Change Homeownership for Good - Here's Everything We Know

Kamala Harris proposes $25,000 in down payment assistance for first-time homebuyers to address housing market affordability.
Harris' initiative may impact existing housing supply and overall market dynamics.
The plan includes incentives for builders and aims to allocate federal land for new homes.

3 ways first-time homebuyers are navigating a hostile market that's increasingly inaccessible to the average American

First-time homebuyers face unprecedented challenges due to supply shortages, high mortgage rates, and rising home prices.

What real estate leaders need to know about the 2025 housing market

2025 will see a continued divide in the housing market based on affordability, impacting both trade-up and first-time homebuyers.

$1 million starter homes are more common than ever

Affordability crisis in housing market worsening for first-time buyers.
morehousing-market
#homeownership

Kamala Harris's housing plan is similar to a Singaporean strategy

The housing market has created a conflict between homeowners desiring property appreciation and new homebuyers seeking affordability.

The 2025 housing market for first-time homebuyers

The American dream of economic success and homeownership is at risk as rising home prices and aging homeowners hinder first-time buyers.
The increasing age of homebuyers indicates a declining accessibility to homeownership for younger generations, impacting their economic mobility.

MMI Fund capital reserve is now 5X larger than required

The FHA's Mutual Mortgage Insurance Fund achieved a robust financial year with a capital reserve ratio of 11.47%.
The percentage of first-time homebuyers using FHA insurance remained consistent, reflecting strong support despite market challenges.

What a $25k Down Payment Aid From Harris Could Really Mean For First-Time Homebuyers

Down payment assistance programs are key in helping first-time homebuyers achieve affordable homeownership.

California to give more new homebuyers down payment help. Your luck - and parents - matter

California has relaunched its down payment assistance program with stricter guidelines to target a niche group of first-time homebuyers.
The program will continue to award down payments that don't have to be repaid until the property is sold, refinanced, transferred or paid off.

Kamala Harris's housing plan is similar to a Singaporean strategy

The housing market has created a conflict between homeowners desiring property appreciation and new homebuyers seeking affordability.

The 2025 housing market for first-time homebuyers

The American dream of economic success and homeownership is at risk as rising home prices and aging homeowners hinder first-time buyers.
The increasing age of homebuyers indicates a declining accessibility to homeownership for younger generations, impacting their economic mobility.

MMI Fund capital reserve is now 5X larger than required

The FHA's Mutual Mortgage Insurance Fund achieved a robust financial year with a capital reserve ratio of 11.47%.
The percentage of first-time homebuyers using FHA insurance remained consistent, reflecting strong support despite market challenges.

What a $25k Down Payment Aid From Harris Could Really Mean For First-Time Homebuyers

Down payment assistance programs are key in helping first-time homebuyers achieve affordable homeownership.

California to give more new homebuyers down payment help. Your luck - and parents - matter

California has relaunched its down payment assistance program with stricter guidelines to target a niche group of first-time homebuyers.
The program will continue to award down payments that don't have to be repaid until the property is sold, refinanced, transferred or paid off.
morehomeownership

Boston Surprisingly Has an Abundance of Starter Homes Under $550K-Along With These Markets

Boston offers a surprising number of starter homes for first-time buyers despite high median prices.

First-time buyers rush to complete purchases ahead of stamp duty increase

First-time homebuyers in the UK are rushing to finalize purchases before significant stamp duty increases take effect on April 1.
#real-estate

loanDepot eyes purchase business in the South with new mortgage JV

loanDepot enters a joint venture with Smith Douglas Homes to enhance its presence in lucrative Southern housing markets.
The partnership aims to support first-time homebuyers and expand loanDepot's business opportunities.

Will Kamala Harris' Plan To Give First-Time Homebuyers $25,000 Level the Playing Field or Drive Prices Higher?

Harris's housing policy proposal focuses on substantial down payment assistance for first-time buyers and aims to dramatically reshape the housing market.

First-time home buyers struggle as cash dominates R.I. market

Homeowners' equity and cash purchases are disadvantaging first-time home buyers amidst rising real estate prices and high interest rates.

Californians Head To Polls For Primary Election | KQED

Polling places open in California for local and statewide races including the U.S. Senate seat and Proposition 1 on mental health. Snowpack in California recovers to 104% of average due to a massive storm. First-time homebuyers in California can access the popular California Dream for All Shared Appreciation loan program.

David Bromstad of 'My Lottery Dream Home' Reveals the Shockingly Cheap House Some Lotto Winners Love To Buy

Condos or townhomes can be a more affordable and manageable option for first-time homebuyers.
Even smaller condos can have luxurious features like dedicated dining rooms and multiple bathrooms.

loanDepot eyes purchase business in the South with new mortgage JV

loanDepot enters a joint venture with Smith Douglas Homes to enhance its presence in lucrative Southern housing markets.
The partnership aims to support first-time homebuyers and expand loanDepot's business opportunities.

Will Kamala Harris' Plan To Give First-Time Homebuyers $25,000 Level the Playing Field or Drive Prices Higher?

Harris's housing policy proposal focuses on substantial down payment assistance for first-time buyers and aims to dramatically reshape the housing market.

First-time home buyers struggle as cash dominates R.I. market

Homeowners' equity and cash purchases are disadvantaging first-time home buyers amidst rising real estate prices and high interest rates.

Californians Head To Polls For Primary Election | KQED

Polling places open in California for local and statewide races including the U.S. Senate seat and Proposition 1 on mental health. Snowpack in California recovers to 104% of average due to a massive storm. First-time homebuyers in California can access the popular California Dream for All Shared Appreciation loan program.

David Bromstad of 'My Lottery Dream Home' Reveals the Shockingly Cheap House Some Lotto Winners Love To Buy

Condos or townhomes can be a more affordable and manageable option for first-time homebuyers.
Even smaller condos can have luxurious features like dedicated dining rooms and multiple bathrooms.
morereal-estate

Terry Schmidt says Guild is seeing more interest in reverse mortgages

Guild Mortgage is expanding its reverse mortgage division, observing increased interest and a strategic focus on first-time homebuyers.

FHFA to allow alternative appraisal methods on purchases up to 97% LTV

The FHFA is increasing LTV requirements to widen access to appraisal waivers for first-time homebuyers.
#affordability

No Relief for Prospective First-Time Home Buyers in First Quarter

First-time homebuyers faced challenges due to high prices, low inventory, and high mortgage rates, impacting their ability to achieve homeownership.

The 5 Best Cities for First-Time Homebuyers All Have One Thing in Common

Florida cities dominate as the friendliest for first-time homebuyers.

How Kamala Harris' plan to give first-time homeowners $25K could backfire

Kamala Harris proposes significant housing reforms, including increased down payment assistance and a plan to build 3 million new housing units.

No Relief for Prospective First-Time Home Buyers in First Quarter

First-time homebuyers faced challenges due to high prices, low inventory, and high mortgage rates, impacting their ability to achieve homeownership.

The 5 Best Cities for First-Time Homebuyers All Have One Thing in Common

Florida cities dominate as the friendliest for first-time homebuyers.

How Kamala Harris' plan to give first-time homeowners $25K could backfire

Kamala Harris proposes significant housing reforms, including increased down payment assistance and a plan to build 3 million new housing units.
moreaffordability

Even more sub-4% mortgage deals are now on the market

First-time homebuyers driving mortgage demand, with more sub-4% deals entering the market, indicating a promising sign for borrowers.

Private mortgage insurance fueled 800K low down payment home purchases in 2023

Private mortgage insurance (PMI) facilitates low down payment home purchases, supporting first-time and moderate-income buyers.

Consolidated Analytics' Ed Gerding: The pillars of QC in action - HousingWire

Quality control programs promote community stability and support first-time homebuyers' homeownership dreams.

The 6 Worst Homes for First-Time Buyers

First homes are a significant purchase; avoid common mistakes like buying a home too small or too large for potential future needs.

Down Payment for First-time CA Homebuyers Relaunches with New Lottery

California will provide $250 million in down payment assistance to first-time homebuyers.
The program aims to reach a more diverse group of borrowers and will use a lottery system to distribute the funds.

First-time homebuyers: From 2023 challenges to 2024 realities

First-time homebuyers in 2023 faced financial challenges with a significant increase in monthly payments, risking higher credit burden and constrained spending decisions.
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