Friday, October 11, 2019 / by Lauren McGinnis
Struggling to come up with a down payment? You're not alone. According to a recent survey from Apartment List, 62% of millennial renters say that's their main reason for delaying buying a home. Of that group, 48% say they have no money for a down payment.
Saving thousands of dollars can feel overwhelming but luckily there are several options to help realize the dream of owning your own home. Not all of the programs are publicized. That's where working with a REALTOR can help! Here are some tips to help you find the right down payment assistance for you.
The first thing we recommend is to ask your REALTOR or lender. They would be able to help guide you to programs best matching your criteria or, at the very least, put you on the right track.
If you do not have a REALTOR yet, start with a national search. When you search for programs that aren't connected to a specific location, you give yourself more options. Doing your own research will not o ...
Friday, September 06, 2019 / by Lauren McGinnis
Each month Fannie Mae conducts a survey of approx. 1,000 Americans via telephone interview. Fannie Mae's National Housing Survey is the most detailed consumer survey conducted right now.
The goal of this survey is to assess their individual attitudes toward:
Owning or renting their home
Home rental price changes
The current economy
Overall consumer confidence
The homeowners and renters surveyed are asked more than 100 questions. Their answers are used to help track shifts in their attitudes toward homeownership. Their answers will help industry partners and market participants target the collective efforts to stabilize the housing market.
The answers that Fannie Mae collects from the survey are then used to help create the Home Purchase Sentiment Index (HPSI). The HPSI takes all of the information gathered and creates a single number to be used. The number then reflects the c ...