by RealtyBizNews | Jun 22, 2021 | Featured News, First time buyers, high rise, home affordability, homeownership, homeownership rate, income inequality, Real Estate boon, real estate bubble, Real Estate News
Talk about staying ahead of the market. The real estate boom has created an emergency-level affordability crisis across the nation. So, news that Blackstone Real Estate Income Trust Inc. acquired affordability innovators Home Partners of America in a deal worth $6...
by RealtyBizNews | Jun 15, 2021 | Featured News, First time buyers, home buying subsidy, housing, Real Estate News, subsidized costs, subsidy program
Lawmakers in California have come up with a dramatic new proposal that, if it comes into being, would offer hope to first time buyers that are struggling to find a home to buy in the state. California Senate Democrats have included a new program in a budget proposal...
by RealtyBizNews | Oct 16, 2020 | FICO score, First time buyers, Home Buying, Mortgage, Real Estate News
Younger people are facing a problem, with rising home pricing meaning that the down payment requirement is getting higher, and many are unable to afford it. The National Association of Realtors says the median home price in the U.S. is now $350,000, which means the...
by RealtyBizNews | Sep 1, 2020 | First time buyers, Home Sales, millennials, Real Estate News
Younger home buyers aged in their 20s and 30s, who were once seen as being reluctant to enter the housing market, are now driving its recovery during the COVID-19 pandemic, according to the Wall Street Journal. Even before the pandemic began, so-called millennials...
by RealtyBizNews | Feb 18, 2020 | First time buyers, market share, married couples, Real Estate News, Residential
The declining rate of marriage in the U.S. means that married couples no longer dominate the first time buyer landscape like they used to. Instead, many first time buyers are going it alone, while others are even partnering with friends in order to get a foot on the...
by RealtyBizNews | Jan 31, 2020 | financial assistance, First time buyers, Mortgage, Real Estate News
A third of first time buyers have been forced to ask their families or friends for financial assistance in order to buy a home, the National Association of Realtors has revealed. Some 27% of first time buyers surveyed said they’re received a cash gift from family or...