First Time Home Buyers | David M. Floyd

Homeownership Rate Continues to Rise in 2020

by David Floyd | Jul 29, 2020 | Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many...

Guidance and Support Are Key When Buying Your First Home

by David Floyd | Jul 28, 2020 | First Time Home Buyers, For Buyers, Interest Rates

In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through...

Mortgage Rates Fall Below 3% [INFOGRAPHIC]

by David Floyd | Jul 17, 2020 | First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers

Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best next steps toward...

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

by David Floyd | Jul 15, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph...

Buyers: Are You Ready for a Bidding War?

by David Floyd | Jul 13, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so...

Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC]

by David Floyd | Jul 10, 2020 | First Time Home Buyers, For Buyers, Infographics

Some Highlights Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy...