First time home buyers

The total number of days that elapsed between consumers' initial home tours and their closing dates fell to the lowest level in at least six years this winter, according to Redfin.

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This spring is shaping up to be another sellers' market in metro Detroit housing as would-be buyers continue to scramble over the slim number of for-sale houses, especially those with entry-level prices below $325,000.

Starter home inventory is letting up, and the growth in supply seems to be more of a market shift than a temporary change, according to Zillow.

With the launch of its Medical Professional Mortgage Product, TD Bank is leveraging an opportunity to attract new customers and to address what it says is a knowledge gap among this group of professionals.

Lennar, the region's largest home builder has acquired a huge piece of land alongside Interstate 15 in the San Diego community of Rancho Peñasquitos and is preparing to build 324 single- and multi-family homes for middle-class families.

Sales of previously owned homes rebounded in February to the fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilizing after last year’s slump.

The gap between potential and actual existing home sales is narrowing even though supply shortages still vex the market, according to First American’s latest report.

The home purchase loan share is up and closing times are down ahead of an expected healthy spring buying season, and declining mortgage rates could be a reason, according to Ellie Mae.

Canada's housing agency will spend up to C$1.25 billion ($943 million) over three years to take equity positions in homes bought by first-time buyers, part of a plan by Justin Trudeau's government to make housing more affordable for the youngest voters.

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During February, sellers listed just 4,355 properties across the metro, 14% fewer than last February, according to the Minneapolis Area Realtors.

The bank was fined $25 million for what the Office of the Comptroller of the Currency said was an inability to provide the discounts to all who were eligible.

Manufactured and modular home lender Tammac Holdings is using $60 million in debt and equity financing from its new majority owner to fund construction loans.

Home sale prices posted their smallest annual gain since March 2012 and mortgage rates have declined, leaving bidders less inclined to race for a deal, but at the same time, a cooler housing market suggests more consumers may be willing to explore homeownership.

The Federal Housing Administration is moving forward with a long-delayed plan to reduce the term of the home warranty required for high loan-to-value mortgages on new houses.

Millennials make up the largest cohort of homebuyers, but a quarter of them don't even know their credit score, which could be a call for mortgage lenders to help them prepare to enter the housing market.

A city program that helps first-time homebuyers purchase affordable homes has received an additional $3.2 million in grant funding.

Millennial homebuyers took advantage of a winter lull in interest rates, using the opportunity to refinance their loans, according to Ellie Mae.

The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.