First time home buyer market on the uptick

Despite slower overall home sales, the market for first time homebuyers is accelerating. According to a report from Genworth Mortgage Insurance, first-time purchase rate hit a high that hasn’t been seen since 2000. “First-timers bought 601,000 single-family homes during the July-to-September period, compared with 567,000 during the third quarter of 2016, an increase of 6 […]

Despite slower overall home sales, the market for first time homebuyers is accelerating. According to a report from Genworth Mortgage Insurance, first-time purchase rate hit a high that hasn’t been seen since 2000.

“First-timers bought 601,000 single-family homes during the July-to-September period, compared with 567,000 during the third quarter of 2016, an increase of 6 percent,” said Credit Union Times. “These homebuyers accounted for 40% of all single-family homes sold and 56% of all purchase mortgages financed.”

Read the full article here.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.