first time buyer Archives

Finding an Affordable Home Can Feel Increasingly Out of Reach

Jeff Sorg | February 17, 2018

A single homebuyer would need to save for nearly 11 years to reach a 20 percent down payment on the typical U.S. home By Jeff Sorg, OnlineEd Blog (February 17, 2018) SEATTLE /PRNewswire/ — In today’s highly competitive housing market, finding an affordable home can feel increasingly out of reach, especially for singles. A single homebuyer would …

Categories: Mortgage, Real Estate Tags: down payment, downpayment, first time buyer, housing affordability

Renting Twice as Expensive as Buying, Says Zillow Report

Jeff Sorg | December 10, 2014

Homeowners making the nation’s median income and purchasing the typical home spend 15.3 percent of their income on their monthly house payment. On average, U.S. renters spent 29.9 percent of their monthly income on rent in the third quarter of 2014.

Categories: California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate Tags: "jeff sorg", first time buyer, OnlineEd, statistics

AEI’s International Center on Housing Risk Releases First-Time Buyer Mortgage Share Index (FBMSI)

Jeff Sorg | December 9, 2014

The FBMSI is the first time the national first-time buyer share has been calculated using a nearly complete dataset with minimal opportunity for sample error. This is in contrast to the 2014 survey conducted by the National Association of Realtors (NAR), which was based on responses constituting only 0.2 percent of all purchase loans originated during the 12 month survey period and was voluntary, with responses received from only 9 percent of those mailed the 127-question survey.

Categories: California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate Tags: "jeff sorg", first time buyer, OnlineEd, statistics