Tag: house shoppers

Hispanic Homeownership is on the Rise

“Hispanics are experiencing the largest homeownership gains of any ethnic group in the U.S., a turnaround for the population hardest hit by the housing bust that could help buoy the market for years, reports The Wall Street Journal.”

Homeowners Insurance Sellers to Boost Sales Through Educational Advertising

“If you’re getting a mortgage for your new home, your lender will require homeowners insurance, says Consumer Reports. And even if you’re among the rare home buyers purchasing without a mortgage, you still should get homeowners insurance to protect against costly perils like fire and wind damage.”

Realtors to Target the 59% of Gen Zers Who Want to Buy Houses

“Generation Z is eager to get on the property ladder. Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years, and more than half have already started saving for one, according to a survey by Bank of America Corp.”

Mortgage Brokers can Guide Homeowners Through Confusing Processes

“After climbing for much of 2018, mortgage rates have been falling since the beginning of the year. The average mortgage APR (annual percentage rate) was recently at 4.28%, according to Freddie Mac, compared to a high of 5% in 2018. But just because rates are down doesn’t mean you’re getting a good deal, says Consumer Reports.”

How Mortgage and Other Lenders are Helping More People Buy Houses

“They were blamed for the biggest financial disaster in a century. Subprime mortgages – home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned. Barely a decade later, they’re coming back with a new name — nonprime — and, so far, some new standards.”

Pew Research Says 7 in 10 Would Like to Buy Homes in the Future

In a recovering market, homeownership rates are down sharply for blacks and young adults. Most renters say they would like to own in the future, but financial constraints are an obstacle.

Why Millennials Are Delaying Home Buying More Than Ever

The housing sector is set to record its strongest year since the bottom fell out of market, yet the strong recovery comes with an unusual caveat: The share of first-time home buyers has dropped to its lowest level in nearly three decades.