Young, first-time Gulf Shores homebuyers are becoming an increasingly rare site these days in the housing market. According to the Census Bureau, the homeownership rate for the 35-and-under crowd fell to a 22-year low in the second quarter. This has some parents wondering whether they can, or should, help their kids buy a home. Should […]
Beginner Tips On Buying Homes For Sale
When it comes to looking at homes for sale, many first-time buyers often find the task as one that can be both exciting and generally overwhelming. Keep a few things in mind both before and during your search, which may help you to narrow things down and could potentially provide better results. Think about how […]
Housing Market Bust is Changing Buyer Behavior
Twenty-seven percent of first-time buyers who purchased a home between July 2009 and June 2010 received a gift from family or friends to help with the down payment, according to the National Association of Realtors’ annual Profile of Home Buyers and Sellers survey, released at NAR’s annual conference recently in New Orleans. 9% of first-time […]
First-Time Homebuyers Buying Smaller Homes
A new report from the National Association of Home Builders has found that first-time homebuyers are choosing to buy smaller and less expensive properties than existing buyers. The study by the NAHB found that first-time buyers purchased homes costing an average of $184,000 with approximately 1,874 square feet of space. By comparison, the homes purchased […]