Experian Insights’ Post

🏡 Exciting changes are here for homebuyers! The new price cap for home purchases, coupled with reduced down payment requirements, is making homeownership more accessible. Lower down payments mean less initial cash needed, while falling fixed mortgage rates provide affordability over time. This dynamic duo is revitalizing the housing market, enabling more families to secure their dream homes. Stay informed and take advantage of these opportunities before they change! 👉 Want to learn more about how these updates can benefit you? Drop your questions in the comments! #bestmortgageadvisor #askanAdvisor

Are you prepared for the pent-up demand building in the housing market? Read our latest white paper to learn how to successfully identify and engage first-time homebuyers: https://lnkd.in/g7fXF4rv Also, look out for our webinar on 4/11 to explore the challenges and opportunities in the current mortgage market.

I am thrilled to share our latest research findings, which delve into the world of first-time homebuyers. The study examines the demographic makeup of this group, their purchasing preferences, financial profiles, and how they are navigating the evolving economic landscape. This research also highlights strategies that lenders can implement to tap into this consumer segment and drive business growth. My sincere thanks to Susan Allen for her visionary leadership, Likhitha Singh Mahendar Singh for exceptional analytical work, and Scott Hamlin for his invaluable contributions in bringing this research to fruition. #Experian #FirstTimeHomebuyers #ConsumerInsights #BusinessGrowth #Research

This insightful article sheds light on data revealing that first-time homebuyers comprised over 65% of all mortgage offers in 2023, with states like New York, California, and New Jersey leading the trend. Take a look and see how market conditions varied across the country.

The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season. On average, more than one-third of home sales for the entire year occur between March and June. With two months left of this historically busy period, potential homebuyers will likely not see relief from rising rates anytime soon. However, many seem to have acclimated to these higher rates, as demonstrated by the recently released pending home sales data coming in at the highest level in a year.

As we leapt into March last week mortgage rates hit a two-month high, inching closer to the 7% mark for the 4th straight week. This uptick is cooling homebuyers just as we approach the spring homebuying season with a combo of climbing rates and strong prices continuing to test affordability. If you're in the market and want to talk strategy, let's connect. #NJRealtor #MortgageRates #RealEstate

🏠💼 Small declines in mortgage rates remain enticing to homebuyers, says Freddie Mac. 📉💰 Delaying a home purchase has limits—eventually, decisions must be made, especially for growing families or those needing more space. 📈 Recent upticks in mortgage rates might impact California's home sales in March. 🚫📉 But, there's optimism about improvements in both price and sales as we head into the home-buying season. 🌷💵 Stay tuned for updates! 👍💬 Don't miss out on real estate insights! Like and follow us for more! Contact me to set up an appointment to help you understand the market better. #MortgageRates #Homebuyers #CaliforniaRealEstate #RealEstateMarket #HomeBuyingSeason 📲🔑

The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season. On average, more than one-third of home sales for the entire year occur between March and June. With two months left of this historically busy period, potential homebuyers will likely not see relief from rising rates anytime soon. However, many seem to have acclimated to these higher rates, as demonstrated by the recently released pending home sales data coming in at the highest level in a year.

Keith’s Top Tips for August, 2024 focus on a big change to how Realtors get paid, affordable markets for first-time homebuyers, and good news on mortgage interest rates. Watch the video now! Text or call Keith at 407.474.3841

For homebuyers, now is a prime time to consider purchasing property due to declining mortgage interest rates. WPG and US Bank's rate lock program provides peace of mind by securing today's low interest rate. Learn more about how this can jumpstart your journey to buying your dream home on our blog: https://bit.ly/3Mj39sd