First time home buyers

After a months-long slump in Bay Area home prices, the market appears poised to drive higher as buyers act on low interest rates and fight for scarce inventory.

A significant number of millennials planning to purchase their first home during 2020 have not yet taken the financial steps necessary to successfully complete the process, a TD Bank survey found.

Sales of previously owned homes jumped in December to the best pace in nearly two years as historically low interest rates continued to lure buyers despite record-low inventory.

Southern Maine's superheated real estate market is presenting challenges to first-time homebuyers and expanding businesses, but shows no signs of cooling off.

While the refinancing boom took a step back, millennials purchasing power grows in the low mortgage rate environment, according to Ellie Mae.

Borrower education stands as a barrier to homeownership for younger consumers and Freddie Mac is trying to change that.

Officials hope a revamped Scranton, Pa., homebuyer program administered by a nonprofit partner will boost homeownership rates and bolster investments in city neighborhoods.

Homebuyer purchase power took another big jump in October as wages grew and mortgage rates stayed low despite continuously tight housing inventory, according to First American Financial.

Sales of previously owned homes declined to a five-month low in November, indicating lean inventories are holding back a residential real estate market that's been supported by low mortgage rates and job growth.

Without the baggage of living through the Great Recession, homeownership rates for Gen Z should exceed that of millennials, a plurality of respondents to a Zillow survey said.

From the Southeast to the Midwestern plains, here's a look at the 12 cities where first-time homebuyers can afford the largest share of houses for sale, according to First American.

The housing market is likely changing to predominantly repeat purchasers, even as growth in the first-timer buyer segment continued in the third quarter, a study from Genworth found.

Millennials took advantage of the low mortgage rate landscape in October, boosting their refinance share to a survey-record high, according to Ellie Mae.

The Federal Housing Administration's loan limits will generally increase 5% next year, but changes in the composition of statistical areas will lead to decreases in 11 counties.

October's deceleration in housing values could be followed by acceleration in 2020, but a growing subset of millennials nevertheless plan to become homeowners in the new year, according to CoreLogic.

In light of the Federal Housing Administration's strong financial performance, now is not the time to "reduce the FHA's footprint," but rather to broaden the critical access to credit role it plays.

The supply of homes for sale in Atlanta continued to fall, which helped push prices higher last month, according to several reports.

Sales of previously owned homes increased in October as buyers responded to falling mortgage rates, extending a recovery in the residential real estate market this year that’s providing a modest boost to economic growth.

The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing with less than 20% home equity.

Faced with higher property prices and piles of student debt, Americans are getting older and older before they buy a home.