First-time homebuyers are too few in number to absorb inventory overhang

The number of first-time homebuyers coming to market this spring is not enough to absorb the amount of housing inventory on the market.

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currently no comprehensive data source on the number or share of first-time homebuyers in the U.S. These statistics are not measured in the decennial census, the annual American Community Survey (ACS), or the monthly Current Population Survey (CPS).

RealtyTrac: Foreclosure activity rising in 2013 RealtyTrac Vice President Daren Blomquist, however, expects foreclosure activity to catch up in 2013. ""We expect to see continued increases in judicial foreclosure states near the beginning of the.

This is indeed good news for home buyers, especially for first-time buyers as we are seeing a trend that will likely allow more people to own homes. Finally, Napic statistics also highlighted that the agency is expecting some 915,328 units in future supply, of which both the incoming and planned supply account for about 50% each.

Ellie Mae to acquire AllRegs for $30 million Mortgage industry software solutions and services provider Ellie Mae says it has an agreement to acquire AllRegs. regulators and law firms, for $30 million in cash. “AllRegs has built a strong.

Richard Drew/AP With the major stock indexes at or near all-time highs, lots of people are thinking about investing in the market — some for the first time, and some. Sales occur when there is too.

Underwater Borrowers: Scope of the Problem A borrower is commonly referred to as being underwater when the current value of their home is less than the balance due on their mortgage.

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There was a large overhang of home inventories that would need to be worked through. The good news is that this adjustment does seem to be finally coming to an end. The inventory of. also means.

What is the best Down Payment Assistance program in 2019? - HOME PLUS PROGRAM Although a positive number. for many would-be homebuyers but that is set to change. I believe that we will see some improvement, specifically for borrowers with "near-prime" credit. This will be of.

First-time homebuyers – 3 fast facts you should know to get started: So, you’re buying your first home. With the right guidance, the process can go seamlessly, so don’t feel overwhelmed.

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(For more, see The top 10 cities for home buyers. of the past few years. Consider the example of Michael Dynda, a retired Air force avionics technician who now works for a government contractor in.

DELHI-NCR suffered due to inventory overhang. Lack of sales and stagnant prices kept investors away. Since there is already correction to the tune of 20% in pockets, prices are not expected to fall further in near future.