Guide For First Time Home Buyers
Everyone Knows that the Home prices always increase. Many of you have checked that from last seven to eight years Home buying is became costly.
Home prices have been on the rise, leading many housing market analysts to conclude that first-time home buyers are being shut out of the market due to affordability concerns.
The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.
NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only the transactions reported by members who complete the survey.
The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding three years.”
Read more to get the complete information about Guide For First Time Home Buyers
Thanks,
Vantage Realty Professionals
Read More Blogs on:
What Would Make You Sell Your House?
Selling Your House: Here’s Why You Need A Pro In Your Corner!
Home prices have been on the rise, leading many housing market analysts to conclude that first-time home buyers are being shut out of the market due to affordability concerns.
The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.
NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only the transactions reported by members who complete the survey.
The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding three years.”
Read more to get the complete information about Guide For First Time Home Buyers
Thanks,
Vantage Realty Professionals
Read More Blogs on:
What Would Make You Sell Your House?
Selling Your House: Here’s Why You Need A Pro In Your Corner!
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