7 Essential First-Time Homebuyer Facts – Mortgage Infographic: Recently the National Association of Realtors released their annual Profile of Home Buyers and Sellers. We found some of the first-time homebuyer facts quite interesting and wanted to share these mortgage insights from the report with you. For example, did you know the primary reason given by first-time homebuyers for purchasing a home is simply the desire to own a home of their own? Yes, the American Dream of Homeownership is alive and well! Take a closer look at our mortgage infographic below to see all of these essential first-time homebuyer facts, so that you may better serve your mortgage customers!
Eric Fox June 7, 2018
Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author's alone.
After our first 10 weekly HousingWire columns looked at predicted real estate appreciation in Metropolitan Statistical Areas in the Northeast, Northwest, Southeast, Southwest and Midwest, we now check in with the West and the nation's most populous state.
In the March 2018 VeroFORECAST from Veros Real Estate Solutions, which forecasts changing property values through March 2019 in 342 of the more than 360 MSAs in the United States, California's San Diego-Carlsbad-San Marcos MSA was ranked 20th with a projected rate of 8.3% appreciation over the next 12 months.
Coincidentally, that is the same percentage of California's population that lives in America's most southwestern MSA. According to a U.S. Census Bureau estimate, 39,536,653 people lived in the Golden State in 2017 and more than 3.3 million of them call the San Diego-Carlsbad-San Marcos MSA home. That makes it California's fourth largest and the nation's 17th largest.
CoreLogic: Home equity gains top $1 trillion in first quarter
Homeowner equity topped $1 trillion in the first quarter of 2018, according to the Q1 2018 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider.