The share of first-time homebuyers has dropped to a historic low of 24%, according to data from the National Association of Realtors (NAR). One year ago, the share was 32%. At the same time, homebuyers’ ages hit all-time highs of 56 years overall in 2024, up from 49...
Lake Michigan Credit Union (LMCU) has debuted HomeAssist, a down payment assistance program for first-time homebuyers. The program – which has been initially funded with $1 million for its launch – offers eligible borrowers $10,000 to use toward their down payment and...
Florida is home to six of the top 10 markets for first-time buyers, according to WalletHub’s newly published list of the Best & Worst Cities for First-Time Home Buyers in 2024. In number-crunching this year’s list, WalletHub analyzed 300 cities of varying sizes...
High-profile real estate investor Grant Cardone is taking President Biden to task for his proposed tax credit for first-time homebuyers. In an X posting, Cardone questioned the logic behind the $5,000 tax credit for two years, arguing that it is near-worthless in...
Portland-based Vision Mortgage Group has launched Legacy Builder, a proprietary loan program aimed at first-generation, first-time homebuyers. According to the company, the program features a 1% down payment and 2% grant down payment assistance. Borrowers do not have...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
