March 11, 2018

First-time buyers are purchasing more homes: here’s why

Ask any first-time home buyer and they’ll likely tell you their quest isn’t easy. It’s tough saving up for a home. Landing a mortgage at a desired rate can be tricky. And beating out contenders to the right home requires good timing. But fresh numbers show that first-timers aren’t giving up. In fact, they’re buying more homes than they have in 12 years. That’s a good sign for the market. And it may encourage others to pursue their dreams of owning.

If you’re eager to buy your first home, the good and bad news is that you’re not alone. But with careful planning and the right approach, you’ll stand a better chance of buying your first home sooner. That's one of the takeaways from my newest story for The Mortgage Reports, which you can read here.