Sentences with phrase «for young homebuyers»

That said, the high average selling prices pose a hurdle for younger homebuyers entering the market for the first time.

Wisconsin real estate pro Scott Kuesel has noticed that the remodeled rooms have the greatest allure for younger homebuyers.

Saving for a down payment is still one of the biggest barriers to entry for younger homebuyers today.

Not exact matches

«First - time homebuyers tend to be younger, may have less available for a down payment, may need a gift from a parent for that down payment, and they likely have student loans,» said Andrew S. Weinberg, a principal at Silver Fin Capital Group, LLC, a company that offers mortgages.

Now, the same young homebuyers who must cope with bidding wars to buy a first home may face a shortage in another key resource: schools for their kids.

The Next Shortage Facing Young Homebuyers: Good Schools Since the recession, funding for construction has cratered.

Our maximum LTV portfolio program focuses on first time homebuyers and young professionals who have worked hard to establish good credit, have limited savings for a down payment, and anticipate the possibility of moving in the next 3 - 6 years.

But to me, I have more sympathy and compassion for these younger first - time homebuyers.»

While the current status of the job market and ever - present student loan debt have certainly made younger generations skeptical about becoming homebuyers, there are still plenty of reasons that purchasing a home could be a smart investment for your future financial goals.

My new first - time homebuyer clients, let's call them Peter and Krista to hide their identities, are a young local couple in their 20s who came to me last month looking to get pre-approved for a mortgage to buy their dream condo in Metro Vancouver.

And the new rules have a disproportionately damping effect on young and firsttime homebuyers, who may need the difference between a 30 - and 25 - year mortgage payment for daycare or other short - term expenses.

It's unclear if we would incur a 10 % tax on withdrawals, since Roth IRA would certainly be less than 5 years old and we are younger than 59.5 years old... Is there an exception for first time homebuyers for the 5 - year / 10 % penalty?

These loans are especially popular with younger, first - time homebuyers since they allow for a lower down payment and have more generous approval criteria.

«The recent surge in interest rates amid continued strong home price appreciation are likely to present affordability challenges to homebuyers, especially for young adults who are looking to enter the housing market for the first time,» adds Duncan.

Homebuyers, especially younger ones with young children, are also prioritizing a big backyard in their search — an attribute that parlays into more privacy, one of the top motivations for home - buying.

Holiday homebuyers, just like the swarms of Black Friday midnight shoppers, tend to be part of the younger generations, although sources say all types of homebuyers are looking for similar things, regardless of time of year.

FHA - backed mortgages — a favorite among younger homebuyers who don't have much money saved up for a down payment, and who are willing to pay additional mortgage insurance premiums — are in most cases off limits for borrowers with DTIs exceeding 43 percent.

While HUD Secretary Ben Carson argued that the change was necessary to ensure both the continued health of the HECM program and to avoid any negative impacts on the department's other activities — including FHA loans for young first - time homebuyers — it's left many heads spinning as RM originators work to hash out the «new normal» in their industry.

It may have something to do with the higher home prices, younger average age, or perhaps the family - reliant nature of some immigrant culture, 21 % of urban homebuyers say they plan to seek financial help from family for their down payment.

While a 2016 National Association of Home Builders survey discovered living rooms are the third most desired home trait for millennials, the National Association of Realtors reported that an overwhelming majority of young homebuyers are looking for open floor plans.

In order for a baby boomer - dominated industry to corner this emerging market of young homebuyers, it is vital that agents understand and cater to the needs of millennials.

Homebuyer's ages 34 and younger are searching for newly built homes that are already loaded with green efficiency amenities.

Qualification and purchasing power just dropped significantly, especially affecting first - time homebuyers, making it more difficult for our most valuable assets — young adults and young families — to experience homeownership and participate in our real estate sector.»