First-time homebuyers made up the largest share of the U.S. home purchase market since 2005 during the first nine months of 2018, according.
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In the first nine months of 2018, first-time homebuyers made up the largest share of the U.S. home purchase market since 2005, according to a report from Genworth Mortgage Insurance. Florida has seen its first-time buyer market grow considerably faster than the US average since 2014.
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percent growth in the number of first-time homebuyers in Q4 and a. Growth in the first-time homebuyer market remained healthy in Florida, South.. First-Time Homebuyer Interest Rates Continued to Increase. This housing cycle has been called a first-time homebuyer-led cycle because growth in.
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is evidence that there are more first-time homebuyers vying for entry-level homes across the country. At a regional level, household growth has picked up too. Compared with the local 15-year average, more households have been formed over the past year in about 200 metro areas. Several MSAs in Florida are leading the country in household growth.
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With a 30-year fixed-rate mortgage, you have a lower monthly payment but you’ll pay more in interest over time. A 15-year fixed-rate mortgage has a higher monthly payment (because you’re paying off the loan over 15 years instead of 30 years), but you can save thousands in interest over the life of the loan.