Category Archives: Home Prices

Ohio Bank Launches New Program To Help Low Income Homebuyers

A new program has just been launched by an Ohio bank, and it’s not just for Ohio first time home buyers. This program is exclusively for low-income homebuyers, whether they be first-timers or not. The Columbus Dispatch reports: Fifth Third … Continue reading

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10 Families In Arkansas To Get Help Purchasing Their First Home

Ten lucky Arkansas first time home buyers will be the beneficiaries of a $70,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bank of the Ozarks. The money was awarded to the … Continue reading

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Colorado Woman Describes Her First Time Home Buying Experience

For one Colorado first time home buyer, purchasing a property for the first time was a challenge, but she persistently overcame all hurdles due to her desire to escape “unaffordable rent pricing.” The Durango Herald has the story: The golden … Continue reading

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High Cost Of Homes In California Becoming An Affordability Crisis

First time home buyers in California have more hurdles than their brethren in other states. Not only to they face the typical hurdles – which are burdensome enough- they also have to deal with mind-numbing home prices that would make … Continue reading

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Arkansas Habitat for Humanity Awarded Grant To Help Low-Income Homebuyers

Arkansas first time home buyers will benefit from a newly-announced grant from the Bank of the Ozarks and the Federal Home Loan Bank of Dallas which will provide assistance for low-income families to help reduce their mortgage payments. The press … Continue reading

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The Neighborhood Assistance Corporation of America Helps Homebuyers in Missouri

First time home buyers in Missouri have something to cheer about: buying a home without savings just got a whole lot easier thanks to a new program by The Neighborhood Assistance Corporation of America (NACA) that offers 30 year mortgages … Continue reading

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Home Builders See Increase In First Time Buyers

Builder magazine (the official publication of the National Association of Home Builders) is reporting some softening in the high end home market, but is seeing the opposite at the entry-level end of the spectrum. Described as the “return of the … Continue reading

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Escalating Home Prices In Nashville Making It Very Difficult For First Time Buyers

Rapidly rising home prices in Nashville are helping sellers get maximum value for their properties, but the trend is proving to be a nightmare for Tennessee first time buyers. Housing prices have continued to set new records in Nashville, with … Continue reading

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Housing Boom Failed To Benefit Black First Time Home Buyers

Researchers at Johns Hopkins University have just released a 48-page study that looked at how the volatile housing market of the 2000s affected black families who bought a house for the first time. The results are not encouraging. The Baltimore … Continue reading

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40 Year Mortgages A Big Hit With First Time Buyers

There are several ways to get a more affordable monthly mortgage payment. One is to pay less for a property. A second way is to get a down payment grant. Another is to get a lower interest rate. And a … Continue reading

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Don’t Make These 9 Typical First Time Buyer Mistakes

When you’ve never done something before – it doesn’t matter whether it’s buying your first home or driving an auto for the first time – you’re going to make mistakes. When it comes to big life decisions, mistakes can be … Continue reading

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First Time Home Buyers Are Getting Older

The stereotypical first time home buyer is a young, newly-married couple in their early twenties. In decades past the stereotype was accurate. However, in today’s economy you might as well throw that stereotype right out the window. Today’s typical first … Continue reading

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Florida First Time Property Buyers Get Squeezed Out By Cash Flush Investors

When it comes to affordable housing in Florida, it seems there just isn’t enough to go around. First time Floridian buyers are competing with cash flush investors in this segment of the market and the results are that available inventory … Continue reading

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Where Investors In The Northeast Reduce Their Buying, First Time Buyers Fill The Void

Since the housing market bubble burst in 2007-2008, it has been investors who have been making the bulk of the buying activity in the housing market. In recent months, though, their frenzied purchasing has waned somewhat. However, in their place … Continue reading

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China Lowers Down Payment Requirement For First Time Home Buyers

There’s an economic slowdown happening in China this year, and the Chinese government is taking active steps to reverse it. Among the most recent policy changes is one meant to spur the sagging real estate market: lowering the minimum down … Continue reading

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Record Summer For First Time Home Buyers In Britain

The summer of 2015 will be one for the record books in Great Britain as a late-summer surge in buying pushed first time home buyer sales to a record amount. There were an eye-opening 30,200 first-time buyer transactions in August … Continue reading

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Workshop For First Time Home Buyers In Massachusetts

As a Massachusetts first time home buyer, there’s a lot to learn about making your first property purchase. For residents throughout Massachusetts, there’s a workshop being offered to educate you on all the details of the process. The classes will … Continue reading

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Fewer Modestly-Priced Homes For Sale Hits Florida First Time Buyers

Compared to last year, this year has seen the bottom half of the Florida real estate market shrink by 27% when using the number of homes on the market as the metric for measuring. This has made it much more … Continue reading

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Oregon Housing and Community Services Has Two Programs For First Time Buyers

Oregon Housing and Community Services (OHCS) has just announced that it’s Oregon Bond program currently has financial aid available to help first-time home buyers get a mortgage loan at below market interest rates. “For many members of our community, homeownership … Continue reading

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The Average Amount Of Down Payment Assistance Per Buyer Nationwide Is $11,565

If you were walking down the sidewalk and saw a $50 bill on the ground, would you bend over and grab the free gift? For most people, the answer would be, “absolutely.” For the typical first time home buyer, the … Continue reading

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