In June, the number of first-time home buyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):
Why the rise in first-time homebuying?
Mortgage rates at historically low levels has certainly pushed first-timers into the marketplace. Estimated mortgage payments at or below the monthly cost of rent is an enticing incentive!
First-timers do have challenges, however. There are lots of buyers out vying for the same properties. First timers are unsure of the process and unsure of the benefits of owning a home.
So where do you start?
That’s where I come in! First-time home buyers are not alone in their uncertainty and believe me when I say I try to make the process as easy and painless for you as possible, with I hope, a little fun thrown in, too!
If you’re interested in purchasing a home and need help getting started, reach out. I can help explain the process, put you in touch with lenders and get you up to speed on the local market. I’m with you all the way!