Browsing Posts In: Home Buyers

February 17, 2017 Posted by: Brandi Snowden, Research Survey Analyst

In the spirit of President’s Day we can use data from the 2016 Profile of Home Buyers and Sellers to see how the typical home differs from the White House. Typical Home Purchased in the U.S. 86% of buyers purchased a previously owned home, with 83% of buyers choosing a detached single-family home. Looking by first-time and […]

... Read More

February 14, 2017 Posted by: Amanda Riggs

NAR released a new Aspiring Home Buyers Profile that captures the consumer sentiment of the housing market for non-homeowners—defined as those that rent and those that live with someone else (such as family and friends) rent-free. The report is aptly named, for nearly nine in 10 non-homeowners expressed the desire to own a home of […]

... Read More

Posted by: Brandi Snowden, Research Survey Analyst

Using data from the 2016 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 66 percent were married couples, 17 percent were single females, eight percent were unmarried couples, and seven percent were single males. Three percent of […]

... Read More

Posted by: Brandi Snowden, Research Survey Analyst

Using data from the 2016 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 66 percent were married couples, 17 percent were single females, eight percent were unmarried couples, and seven percent were single males. Three percent of […]

... Read More

February 2, 2017 Posted by: Scholastica (Gay) Cororaton, Research Economist

More first-time homebuyers avail of a low downpayment loan compared to all homebuyers, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among first-time homebuyers who obtained a mortgage and whose transactions closed in October—December 2016, 81 percent made a downpayment […]

... Read More

Posted by: Scholastica (Gay) Cororaton, Research Economist

More first-time homebuyers avail of a low downpayment loan compared to all homebuyers, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among first-time homebuyers who obtained a mortgage and whose transactions closed in October—December 2016, 81 percent made a downpayment […]

... Read More

January 31, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

On January 10th, the FHA lowered its annual mortgage insurance premium (MIP) by 25 basis points. That decision was put on hold pending a review on January 21st. This alteration to the FHA’s fee structure was unique as it made many borrowers in the current pipeline eligible for the fee reduction. NAR Research surveyed a […]

... Read More

Posted by: Ken Fears, Director, Regional Economics and Housing Finance

On January 10th, the FHA lowered its annual mortgage insurance premium (MIP) by 25 basis points. That decision was put on hold pending a review on January 21st. This alteration to the FHA’s fee structure was unique as it made many borrowers in the current pipeline eligible for the fee reduction. NAR Research surveyed a […]

... Read More

January 30, 2017 Posted by: Scholastica (Gay) Cororaton, Research Economist

REALTORS® reported that first-time homebuyers accounted for 32 percent of residential sales in 2016 (30 percent in 2015), according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Sustained job growth and improving incomes along with the aging of the Millennial generation […]

... Read More

January 23, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

On Friday, the new administration suspended a 25 basis point fee reduction that the past administration announced on the 9th of January. NAR research estimated that the fee reduction would have benefited 750,000 to 850,000 homebuyers in 2017 who’s mortgages were backed by the FHA. In addition, it would have opened homeownership to an additional […]

... Read More