Knowing more about how FHA works — and how to work with FHA — helps agents identify opportunities for their first-time buyer clients, who make up one in three buyers today. FHA is not for everyone, but for millions of young families, it is the piece that is solving the homeownership puzzle.
FHA and VA loans are essential to first-time buyers, who account for about 4 out of every 5 FHA purchase loans. However, in today's market, sellers are quick to dismiss offers that come with this type of financing. Here's why
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval
When he became president of NAREB a year ago, Donnell Williams found that Black millennials with incomes over $100K are not purchasing homes. Here's what he did to shift their perspective on homeownership
Opinion
The idea is that most people begin their homeownership journey with a starter home and make their way up to more expensive housing. But is that theory still valid — especially now during a pandemic?
From where we stand now, the future of the real estate market looks challenging. If you're grappling with the rapid change, here are a few things you can do to prepare for future market shifts
Helping millennial homebuyers find the right loans for them
New research suggests that they're not
Institutional investors are turning to construction and iBuyers to provide single-family home rentals
A new Apartment List study provides the first hard evidence that large numbers of millennials who would like to become homeowners are so frustrated that they have changed their minds, at least for now
Opinion
There are a million different rationales you can use to convince clients on timing. It really depends on their circumstances
Opinion
Market trends and emerging businesses and tools are hampering the dream of buying a home for 19M millennials who are stuck renting
Flat-fee discount brokerage Clever Real Estate thinks there absolutely is
Options like ClosingCorp and CFPB's 'Know before you owe' program are helping buyers take the guesswork out of closing costs
Feeling a shift? It's not just your imagination
Here's how to talk to your clients about this closing expense
Could this be the answer for everyone being priced out of homeownership?
Thoughts on 'off-market' listings differ across the industry, but what will the DOJ say about them?
Millions will choose the standard deduction over itemizing, but states have not raised their standard deductions
First-time buyers must act now before conditions change