Two-thirds of first time buyers pessimistic about finding a home
2 weeks ago

Two-thirds of first time buyers pessimistic about finding a home

NL Times  

Over two-thirds of people who want to buy their first home within the next two years are pessimistic about this happening. Some of this group are also frustrated about competing against homeowners who can use their equity when buying, the Telegraaf reports based on an ING study among 1,261 homeowners and first-time buyers who plan on buying a home in the next two years. “It is striking that home prices have risen so quickly that a large proportion of homeowners would no longer be able to afford their home if they had full financing,” ING researcher Wim Flikweert said to the newspaper. The situation frustrates 25 percent of first-time buyers and 40 percent are jealous about homeowners’ equity, ING found. ING found that 68 percent of first-time buyers don’t have the budget to afford a home, or can’t find anything within their current budget.

Homeowners First Time Buyers Equity Ing  buying  housing  twothirds  think  pessimistic  buyers  homeowners  prices  equity  ing  half  finding  firsttime

History of this topic

US renters seeing chance of owning a home at record low, NY Fed Survey shows
7 months, 2 weeks ago

US renters seeing chance of owning a home at record low, NY Fed Survey shows

Hindustan Times  

Bloomberg Business US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after falling last year, a new Federal Reserve Bank of New York survey showed -- US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after …

How the rent crisis is pricing out Britain’s landlords
1 year ago

How the rent crisis is pricing out Britain’s landlords

The Telegraph  

In theory, a record jump in rental prices should be a good thing for landlords. Higher rents have meant first-time buyers are doing whatever they can to get on the property ladder, just as high mortgage rates have weakened investors’ buying power. The result is that first-time buyers are now overtaking landlords when it comes to commanding Britain’s mortgage market. …

Realtors see fierce battle for mid-sized homes on housing market
1 year, 2 months ago

Realtors see fierce battle for mid-sized homes on housing market

NL Times  

After last year's housing market slump, first-time home buyers are once again facing fierce competition when hunting for a home. Realtors affiliated with the organization sold 2.4 percent more homes in the third quarter than in the same period last year, although the number of townhomes sold declined significantly. These figures regularly mask a lot of frustration among people hoping …

Buying more expensive than renting for first time in 13 years
1 year, 4 months ago

Buying more expensive than renting for first time in 13 years

The Telegraph  

Buying has become more expensive than renting for the first time in 13 years for would-be homeowners. First-time buyers now have to pay an extra £122 per month on a mortgage compared to if they rented the same property – an extra £1,500 per year, analysis shows. This is despite rapidly rising rents and is the first time renting has …

First-home buyers could be spending 40 per cent of their incomes on mortgages if interest rates rise twice more
1 year, 5 months ago

First-home buyers could be spending 40 per cent of their incomes on mortgages if interest rates rise twice more

ABC  

New information from the Australian National University shows that first-home buyers could end up putting 40 per cent of their incomes towards mortgage repayments if interest rates rise twice more this year. Professor Phillips said if that happened, far more first-home buyers and those on lower incomes could be placed under mortgage stress. Professor Phillips said his projections showed, for …

Blow for first-time buyers as mortgage repayments surge by two thirds
1 year, 9 months ago

Blow for first-time buyers as mortgage repayments surge by two thirds

The Telegraph  

The cost of a typical first-time buyer's mortgage repayments jumped by almost two thirds last year as families were stung by rising interest rates and a boom in house prices. Buyers purchasing a typical semi-detached house were hit with a £481 increase in their payments in the 12 months to December 2022, according to the Office for National Statistics. A …

Single-income first-time buyers can afford only 3.4% of Netherlands homes
1 year, 10 months ago

Single-income first-time buyers can afford only 3.4% of Netherlands homes

NL Times  

Despite falling home prices, first-time buyers still have little chance in the Dutch housing market. An average single-income first-time buyer can only afford 3.4 percent of owner-occupied homes in the Netherlands, according to figures from appraisal company Calcasa. They have risen much faster than incomes in the past five years and also much faster than interest rates fell in the …

40% of home buyers end 2022 were first-time buyers
1 year, 10 months ago

40% of home buyers end 2022 were first-time buyers

NL Times  

Four out of ten people who bought an existing home at the end of last year were first-time buyers, slightly more than the year before. Home prices had dropped in the last quarter of 2022 compared to the previous months but were still higher than at the end of 2021, according to housing market figures from the Land Registry. Prices …

Home buyers’ preferences shifting towards flats as living costs rise – index
1 year, 10 months ago

Home buyers’ preferences shifting towards flats as living costs rise – index

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. With mortgage …

There’s some brilliant news for first-time buyers
2 years ago

There’s some brilliant news for first-time buyers

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. First, the crisis in the mortgage …

Surge in renters as would-be homebuyers put purchases on hold
2 years ago

Surge in renters as would-be homebuyers put purchases on hold

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Bank of England base rate hikes are also pushing …

Americans sour on homeownership: just one in five says they could easily buy a home
2 years, 1 month ago

Americans sour on homeownership: just one in five says they could easily buy a home

Daily Mail  

Only one in five Americans say they would be able to buy a home in the coming years without much difficulty — the latest sign of a turbulent property market, high mortgage rates and fears of economic malaise. ‘But high prices driven by a persistent lack of supply have a large share of would-be homeowners doubtful of their ability to …

Wondering if you’ll ever be able to buy your first home? These expert tips could help
2 years, 4 months ago

Wondering if you’ll ever be able to buy your first home? These expert tips could help

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy With mortgage rates jumping and …

First-time homebuyers are getting squeezed out by investors
2 years, 10 months ago

First-time homebuyers are getting squeezed out by investors

NPR  

First-time homebuyers are getting squeezed out by investors Enlarge this image toggle caption Matt Rourke/AP Matt Rourke/AP Record-high home prices and low inventory were already making things hard for first-time homebuyers. "Investors are coming in and pushing out the first-time buyers," says Lawrence Yun, chief economist for the National Association of Realtors. "The investors picking up properties at the expense …

First home buyers hit with 'emotional rollercoaster' trying to break into sky-high property market
3 years, 1 month ago

First home buyers hit with 'emotional rollercoaster' trying to break into sky-high property market

ABC  

For over a year, Brisbane couple Eve Anderson and Jordan Roberts have spent every weekend at back-to-back open homes. Property prices outstripping wages The couple are among thousands of first home buyers competing with cashed-up investors and owner-occupiers in a housing market that's running red hot across the country. "You need a return on investment because it's not your forever …

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