Historically low interest rates, change in home preferences, flexible work schedules and increased housing affordability triggered substantial rebound in first-time homebuyer market in the third quarter, said Genworth Mortgage Insurance, Richmond, Va.
Tag: First-Time Homebuyer Market Report
Housing Report Roundup
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Genworth: ‘Sharp Slowdown’ in First-Time Homebuyer Market
The COVID-19 recession triggered a sharp slowdown in first-time homebuyer activity in the second quarter, reported Genworth Mortgage Insurance, Raleigh, N.C.
Genworth Reports Strong First-Time Home Buyer Activity Amid Shift to Second-Timers
Genworth Mortgage Insurance, Richmond, Va., reported strong first-time home buyer activity in the fourth quarter, with single-family purchase activity up by 6 percent from a year ago.