Does your home need updating to sell, but you don't want to do the renovation?  We have cash buyers who will buy your home!

June 4, 2018

First-Time Buyers Account for More Mortgages

Like it? Share it!

First-time home buyers are flocking to the real estate market in larger numbers, comprising 46 percent of mortgages backed by Freddie Mac—excluding refinancings—that were issued in the first quarter of this year. That marks the largest quarterly share that Freddie Mac has recorded, dating back to 2012.

“This is a millennial-driven rise,” Sam Khater, Freddie Mac’s chief economist, told Bloomberg. “You’ve got a strong economy that’s helping, along with the appetite of the financial market to invest in mortgages.”

Younger buyers may be motivated to buy due to the easing of credit in recent months as well as an improving job market. They also may be motivated to buy as rents rise and as increasing home prices and mortgage costs threaten to price them out of homeownership if they don’t act soon, Bloomberg reports.

The National Association of REALTORS® reports that the median age of first-time buyers is 32 years old.

Source: “First-Time U.S. Homebuyers Account for Almost Half of Mortgages,” Bloomberg (June 4, 2018)

Original article at:

Leave a Reply

Your email address will not be published. Required fields are marked *


Coming Soon
1449 La Jolla Dr., Thousand Oaks
Conejo Oaks Sign for 1449 La Jolla Dr.
4+2 Single Story in the prestigious "Conejo Oaks" neighborhood
Follow the progress and get on the waiting list!
2186 Aspenpark, Thousand Oaks, CA

3+2 in the "Lang Ranch Elementary School" district
Follow the progress and get on the waiting list
Recent Sales
711 Bluebonnet Ct. in Thousand Oaks

4+2 Remodeled Single Story Pool Home
Click for More Details
3490 Pine View Dr., Simi Valley
SOLD! Simi Valley 4+3 Remodeled Single Story Home with Gated RV! 3490 Pine View Dr. in Simi Valley
4+3 Remodeled Single Story Home with 15,000+sf lot and gated & paved RV parking!
Click Here for more details
30666 Passageway Pl., Agoura Hills

"Lake Lindero" One of a Kind View Home! 4+3 Two Story home with INCREDIBLE Lake Views!
Click Here for more photos of this amazing view!
Need to sell your home fast for cash?  We have fast hassle free cash offers for your home

Recent Posts

Huggins Homes

A Boutique Agency With Over 30 Years Experience Providing Personalized Consulting And Comprehensive Real Estate Services To Buyers And Sellers.
© Copyright 2015 forward - All Rights Reserved
For media inquiries about the Ventura County real estate market, real estate investing or house flipping, please contact Ryan Huggins at 805.905.4000
envelopephone  linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram