First time home buyers

Being a homeowner may not be the most cost efficient move in some areas.

Rising mortgage rates don't have as severe an impact on the first-time homebuyer market as they do for property values, according to a Zillow survey.

Residential lender and Warburg Pincus portfolio company Newfi Lending is helping tackle upfront costs for homebuyers with the launch of its 2-1 Buydown Program.

The standards for mortgage lending constrained in December, as a drop in conventional credit brought availability to its lowest point since February 2017, according to the Mortgage Bankers Association.

First-time homebuyers earn $30,000 more than their peers who didn't buy a house, and nearly $12,000 more than the country's overall median household income, highlighting affordability issues in current housing conditions, according to Zillow.

Older millennials and younger Generation Xers still feel the aftershock of the housing crisis, as more would rather invest in the stock market than real estate, according to Redfin.

Millennials comprise the largest cohort of homebuyers as most have entered their prime purchasing years, and they just might shake up migration patterns in 2019, according to First American Financial Corp.

Builder Taylor Morrison Home Corp. has launched a program that lowers the rate on its lending subsidiary's mortgages for two years through a new buydown program.

A new marketing tool lets consumers start the mortgage prequalification process by sending a text message, providing would-be borrowers with credit and loan program details and offering lenders a low-cost source of leads.

Rising construction costs and a big drop in public funding is forcing an organization that builds inexpensive homes for low-income buyers in the Bay Area to sell them for higher prices than many of those people can afford.