by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained:...
by Brent Knapp | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down...
by Brent Knapp | Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers
In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary....
by Brent Knapp | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights: 24% of all recent home buyers were single at the time of purchase. 47% of single men cite the desire to own a home of their own as the primary reason to buy. 18% of first-time buyers were single women. Source: KCM
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.” Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate...