First Time Home Buyers on the Rise

by Hilton Head Real Estate Partners January 25, 2016 0 comments
Buying a home, Buying a house

First Time Home Buyers on the Rise

First Time Home Buyers are on the Rise and Helping Strengthen Housing Market

With first time home buyers on the rise and currently a strong factor in the housing market. They made up a majority of the buyers last month at 52%. First time home buyers have been a driving force in the housing market for the past year. The number of first-time buyers increased from November 2014 to November 2015 by 19%.

Screen Shot 2016-01-24 at 11.21.42 AMA number of factors may help with the increase in first-time buyers; low mortgage rates, fear of mortgage rates going up, the average needed FICO score for a loan dropped. Overall, it speaks that the desire of home ownership is still strong. Despite the rising mortgage rates it is still a great time to buy. First time home buyers are on the rise and there is no reason to believe they will not be a strong force in the market moving forward.

If you are interested in where the Bluffton / Hilton Head Island real estate market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

by Hilton Head Real Estate Partners January 25, 2016 0 comments
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