First Time Home Buyer News

Sales to first-time home buyers fare best in tough quarter: Genworth

"In a tough PC market, Lenovo became the clear #1 for the first time. sales of Lenovo’s Mobile Internet digital home (midh) products, including smartphones and tablets increased 105 percent.

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The surge in home purchases from pre-foreclosures account for an eighth of all residential sales, but represent less than a quarter of all U.S. home sales. Short sales, in which banks cooperate with mortgage holders to sell at a price for less than what is owed on the mortgage had an average sales price of $192,129, according to RealtyTrac.

The company’s share price dropped by 3% in early trading on Friday, even though the company reported 1% increase in organic sales for the first quarter. Volume was up by 1%, led by a 2% gain in the.

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First-time buyers rise to the occasion. Ask any first-time home buyer about his or her home search, and you’ll probably hear that the quest isn’t easy. It’s tough saving up for a home. Landing a mortgage at the desired rate can be tricky. And beating out contenders to the right home requires good timing.

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the repeat buyer market declined five percent. In fact, the first-time homebuyer market had its best quarter since the third quarter of 2000, and will likely have one of the best years since the last housing boom. Home sales to first-time homebuyers should exceed its historical average, meaning that some of the three million missing first-time.

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