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A new report by Genworth Mortgage Insurance had some big findings about first-time home buyers: They bought over 2 million new or resale homes in 2017. That’s a 7 percent increase over 2016.
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23 Insider Tips – How to Avoid Costly Mistakes When Buying a Home. During our 23-years as real estate professionals, we at Guthrie Group Homes have observed many costly mistakes when buying a home that are commonly made by new home buyers.. Here, we have compiled a list of 23 tips that will help you avoid those mistakes and make you a smarter homebuyer.
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Evan Siddall, chief executive of Canada Mortgage and Housing Corp., warned in May that 30-year amortizations would apply to a large proportion of buyers and spur more market activity, while the targeted shared-equity program is aimed at a small tier of buyers who find it most difficult to qualify under current rules.
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Being a first-time home buyer is exciting! But I know it can also feel overwhelming-especially when you see homes being purchased at a median of $250,000 and available homes flying off the market in just three weeks. 1. With real estate trends like those, you might be tempted to make an impulsive purchase that could hurt your financial goals and keep you paying a mortgage well into retirement.
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