Results for: first time home buyers

Fox 21: Millennials Struggle to Become First-Time Homebuyers in Colorado

“There are tons of millennials who are out there looking to buy,” said Boulder-area REALTOR Kelly Moye. “It’s hard to save for a down payment when you’re trying to compete with multiple offers and you have a low down payment or you’re struggling to even get some money at all — it makes it really hard for them. If they’re...

Threats to First-Time Home Buyers’ Path to Ownership

Higher home prices are translating into higher down payments. The median home price is $350,000, according to the National Association of REALTORS®. That means a buyer would have to put down $70,000 (or 20%) on a purchase to avoid private mortgage insurance. Low down payment loans are available for those who can’t reach that 20% down payment threshold. For example,...

First-Time Home Buyers Learn to Move Quickly in Tight Markets

With the competitive housing market first time home buyers are having to endure a tough fight to fulfill their dreams of becoming homeowners.  Jay Gupta a CAR spokesperson told the New York Times just how tight the current housing market is.   Gupta said that forty people attended an open house in Colorado Springs that was only open for three-hours long...

First-Time Homebuyers: YES YOU CAN Buy a Home in This Market

Lack of inventory and massive year-over-year gains in the price of entry-level homes are not the only factors preventing prospective first-time homebuyers into taking the leap towards homeownership.  According to NAR’s 2017 Profile of Home Buyers and Sellers Speak report, first-time homebuyers are struggling to afford the costs that come with purchasing a home.  In fact, 1 in 3 first-time...

CHFA Unveils New Loan Program for First-Time Homebuyers

For Immediate Release Monday, June 26, 2017   Contact: Megan Herrera, 303.297.7407 mherrera@chfainfo.com   CHFA Unveils New Loan Program for First-Time Homebuyers   (DENVER) – Colorado Housing and Finance Authority (CHFA) announced today the rollout of a new home mortgage loan program for first-time homebuyers, qualified veterans, and non-first time buyers in targeted areas. The 30-year, fixed-rate loan program is...

Centennial Ranks 8th in Top Cities for First-Time Homebuyers

As a first-time homebuyer, you have a lot on your mind. But, location and price are likely at the top of the list. So, where can you put down your roots without breaking the bank? Taking a look at three top categories — affordability, livability and price stability—NerdWallet ranked the best places for first-time homebuyers nationwide. Centennial, Colorado ranked 8th...

Active inventory grows in August but buyers wait out anticipated rate cut

ENGLEWOOD, CO – Despite a growing list of active inventory and motivated sellers across the seven-county Denver-metro area and statewide, buyers continue to stay away citing interest rates and pricing that has ignored the inventory increase and maintained its higher levels, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the...

An already slow summer housing market pumps the brakes a bit more in July as inventory grows but buyers choose to stay on the sideline

ENGLEWOOD, CO – An already slow summer housing market pumped the brakes a little more in July as higher mortgage interest rates and a hesitant pool of buyers pushed the inventory of active listings up approximately 20% in both the seven-county Denver metro area and in markets across the state, according to the latest Market Trends Housing Report from the...

Active listings increase but other market factors keep home buyers and sellers at a stalemate

ENGLEWOOD, CO – The stalemate in Colorado’s housing market continues as both buyers and sellers choose to wait out the economic uncertainties being driven by stubbornly high interest rates, rising insurance rates and property tax hikes, inflation and more, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons...

New listings jump in April giving buyers a few more options

ENGLEWOOD, CO – A springtime jump in new listings across all property types helped deliver opportunities for buyers across the seven-county Denver metro area (+22.7%) and statewide (+18%) in April, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across the state. Although not at the same volume,...