First time home buyers

Home sales took off in the Portland area last month, perhaps as buyers tried to get ahead of rising mortgage rates.

While the industry continues adopting digital mortgage methods, homebuyers expect to be able to apply for a mortgage and complete the application online, but still want human interaction, according to Ellie Mae.

Close to a third of all home purchases were made by millennials over the past year, but tight inventory and affordability issues prevented them from reaching their buying potential, according to the National Association of Realtors.

Only a small percentage of borrowers are deterred by the higher rates seen this year, even with the additional cost making it tough for first-time buyers to find affordable properties.

Houston-area homebuyers face a tightening supply of homes just as the busy Spring home-buying season is about to hit.

First time home buyers are dealing with the worst of the nationwide housing inventory shortage, due to prices of entry-level houses growing at an even faster pace than other properties types, according to CoreLogic.

Sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand.

First-time homebuyers using loans backed by private mortgage insurance soared in the fourth quarter on the growing popularity of Fannie Mae and Freddie Mac's 3% down payment options, according to Genworth.

Metro Denver's chronic shortage of existing homes for sale will push more buyers towards new home communities this year. But those buyers won't find much relief from tight supply and rising prices.

Sales of previously owned homes unexpectedly fell in January to a four-month low, indicating a shortage of available properties is increasingly hindering the real estate industry.