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…according to the First-Time Buyer Mortgage Share
Index by AEI’s International Center on Housing Risk
% of all buyers
were first time
buyers this
month
AEI’s International Center on Housing Risk
First Time Home Buyers
Typical First Time
Buyers
Percent of All
First Time (FT)
Buyers
Household
Income
Median Age
(in years)
All FT Buyers 100% $69,400 31
Married Couple 56% $77,500 31
Single Female 18% $49,400 32
Single Male 11% $58,100 30
Unmarried Couple 13% $74,600 28
Other 2% $63,800 45
NAR’s Profile of Home Buyers and Sellers
Median Asking
RENT
since 1988
Census
The Impact of Monthly Housing
Inventory on Home Prices
LESS THAN
6 MONTHS
BETWEEN
6-7 MONTHS
GREATER THAN
7 MONTHS
SELLERS
MARKET
Homes prices
will appreciate
NEUTRAL
MARKET
Homes prices
will only
appreciate with
inflation
BUYERS
MARKET
Homes prices
will depreciate
CoreLogic 2/2016
Forecasted Year-Over-Year % Change in Price
by State
Y-O-Y by region
EXISTING Home Prices
NAR 1/2016
Q: When do most listings
come on the market?
A: The 2nd Quarter of each Year
Quarter
Fannie
Mae
Freddie
Mac
MBA NAR
Average
of all four
2016 2Q 4.1% 4.2% 4.2% 4.2% 4.18%
2016 3Q 4.1% 4.4% 4.4% 4.4% 4.33%
2016 4Q 4.2% 4.5% 4.6% 4.7% 4.50%
2017 1Q 4.2% 4.6% 4.7% 4.8% 4.58%
Mortgage Rate Projections
2/2016
Freddie Mac
Mortgage Rates
Freddie Mac
30 Year Fixed Rate
- Actual
- Projected2015
2016
2017
This research suggests
that there are too many
eligible homebuyers sitting
on the sidelines due to
misperceptions or anxiety
about being turned down for a loan.
Fannie Mae
Mortgage Credit Availability Index (MCAI), a
report from the Mortgage Bankers Association
Mortgage Credit
Availability

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Are you ready to buy a home in 2016?

  • 1. …according to the First-Time Buyer Mortgage Share Index by AEI’s International Center on Housing Risk % of all buyers were first time buyers this month AEI’s International Center on Housing Risk First Time Home Buyers
  • 2. Typical First Time Buyers Percent of All First Time (FT) Buyers Household Income Median Age (in years) All FT Buyers 100% $69,400 31 Married Couple 56% $77,500 31 Single Female 18% $49,400 32 Single Male 11% $58,100 30 Unmarried Couple 13% $74,600 28 Other 2% $63,800 45 NAR’s Profile of Home Buyers and Sellers
  • 4. The Impact of Monthly Housing Inventory on Home Prices LESS THAN 6 MONTHS BETWEEN 6-7 MONTHS GREATER THAN 7 MONTHS SELLERS MARKET Homes prices will appreciate NEUTRAL MARKET Homes prices will only appreciate with inflation BUYERS MARKET Homes prices will depreciate
  • 5. CoreLogic 2/2016 Forecasted Year-Over-Year % Change in Price by State
  • 6. Y-O-Y by region EXISTING Home Prices NAR 1/2016
  • 7. Q: When do most listings come on the market? A: The 2nd Quarter of each Year
  • 8. Quarter Fannie Mae Freddie Mac MBA NAR Average of all four 2016 2Q 4.1% 4.2% 4.2% 4.2% 4.18% 2016 3Q 4.1% 4.4% 4.4% 4.4% 4.33% 2016 4Q 4.2% 4.5% 4.6% 4.7% 4.50% 2017 1Q 4.2% 4.6% 4.7% 4.8% 4.58% Mortgage Rate Projections 2/2016
  • 9. Freddie Mac Mortgage Rates Freddie Mac 30 Year Fixed Rate - Actual - Projected2015 2016 2017
  • 10.
  • 11. This research suggests that there are too many eligible homebuyers sitting on the sidelines due to misperceptions or anxiety about being turned down for a loan. Fannie Mae
  • 12. Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association Mortgage Credit Availability