Tag: First-Time Buyers
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How to Find and Buy a Fixer-Upper (Before Someone Else Does)
Nabbing a deed to a home these days is no easy feat. In this hostile market, many hopeful buyers are looking around for a fixer-upper just to get a toehold. In fact, there are financing options out there that make restoring a home affordable for buyers who have struggled to enter the market and don’t…
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Hispanics Will Be the Majority of New Homeowners by 2040. Can the Market Meet Their Needs?
This year’s trend study from CoreLogic® shows a steady rise in mortgage lending in mainly Hispanic neighborhoods. Hispanic buyers tend to be younger and less affluent than other buyers across the board. Many are coming into real estate as first-time buyers. They’re motivated. Many will opt for FHA loans if conventional loans are out of…
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First-Time Buyers, Get Ready for These Extra Costs
Seriously? Ordinary home expenses now cost the average homeowner more than $14K every year? That’s above and beyond the owner’s mortgage loan payment, according to Zillow and the home improvement estimate company Thumbtack, in their 2023 study. Mortgage interest and high property values aren’t the only price a buyer pays. And the totality of homeownership…
