First-Time Buyers Show Interest; Face Tough Market

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post First-Time Buyers Show Interest; Face Tough Market Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago March 13, 2014 802 Views Share Save Affordability Consumer Confidence First-time Buyers Zillow Zillow Housing Confidence Index 2014-03-13 Colin Robins Previous: CFPB Names 3 Key Senior Positions Next: Mortgage Rates Rise, Helped by ‘Respectable Jobs Report’ Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / First-Time Buyers Show Interest; Face Tough Market Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img About Author: Colin Robins in Daily Dose, Featured, Headlines, Market Studies, News Related Articles Subscribe More than 4 million first-time buyers want to enter the market, but they face some tough issues as market conditions aren’t exactly favorable to new buyers.This conclusion came from the Zillow Housing Confidence Index (ZHCI), a new calculation released by Zillow and Pulsenomics.The ZHCI is a measure of consumer sentiment; anything over 50 indicates a positive sentiment. The current national index is 63.7. Of the 20 metros surveyed, 11 had individual confidence levels above the national average.In 19 of the 20 large metros surveyed, more than 5.0 percent indicated they wanted to buy a home in the next year. The report notes, “Among current renters, homeownership aspirations were particularly strong, with about 10 percent of all renters nationwide saying they would like to buy within the next 12 months.”A vast majority of respondents said they were “confident or somewhat confident” they could afford a home in 2014.If every respondent who indicated they wanted to buy a home actually purchased one, first-time home sales would total more than 4.2 million for 2014, more than double the roughly 2.1 million first-time buyers in 2013.While this optimistic total from Zillow suggests interest is high, actually purchasing a home should prove to be a challenge in the upcoming year.Market conditions are mixed: inventory, up 11 percent from a year ago, is still well below optimal levels, and has fallen year-over-year in 8 of 20 metros measured by the ZHCI. Mortgage rates, once a record low 3.3 percent in 2013, have risen to 4.2 percent, according to the Zillow Mortgage Marketplace.A dearth of inventory coupled with rising mortgage rates could push homes out of a homebuyer’s price range, particularly for first-time buyers.”For the housing market to continue its recovery, it is critical that homes are both available and remain affordable to meet the strong demand these survey results are predicting, particularly from first-time homebuyers,” said Zillow Chief Economist, Dr. Stan Humphries. “Even after a wrenching housing recession, this data shows that the dream of homeownership remains very much alive and well, even in those areas that were hardest hit.”He added, “But these aspirations must also contend with the current reality, and in many areas, conditions remain difficult for buyers. The market is moving toward more balance between buyers and sellers, but it is a slow and uneven process.”Areas indicated by the ZHCI with the highest interest in purchasing a new home come from metros that were hit hardest by the housing recession: Miami (67.5), Atlanta (62.9), and Las Vegas (64.1).Each were near or above the national index of 63.7 for “Overall Housing Confidence.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Affordability Consumer Confidence First-time Buyers Zillow Zillow Housing Confidence Index Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Gardai seek information about attempted robbery in Ballyheerin

first_imgNewsx Adverts Twitter By News Highland – July 28, 2011 Previous articleHighland Radio is still Ireland’s No 1 Radio Station – TNS/MRBINext articleHealth Minister tells Macgill Summer School hospital managers to blame for waiting lists News Highland 365 additional cases of Covid-19 in Republic Gardai at Milford are appealing for information following an attempted robbery at a house at Ballyheerin, Kilmacrennan on Saturday night last.At approximately 11:45pm, two armed and masked men entered the house and threratened a fifty year old woman before leaving empty handed. The woman, who was alone in the house at the time, was unharmed but traumatised.The two men were armed with a small hatchet, and what appeared to be a handgun.The first man is described as 5’10″ in height. He was wearing a dark coat and leggings. There were 2 distinctive white stripes down the back of the coat. He spoke with what is described as a local accent.The second male is described as 5’11” in height and of thin build.  He wore dark clothing and a grey scarf and dark woollen cap.Both men are thought to be aged in their forties or early fifties.The incident lasted approximately 10 minutes before the assailants made off on foot.Gardai say they also wish to speak to the occupants of a blue van observed in the vicinity prior to the incident, who may be in apposition to assist with the investigation.Anyone with information is asked to contact Milford Garda Station on 074 9153060, or the Garda Confidential Line 1800 666 111. Google+ Gardai continue to investigate Kilmacrennan fire Twitter Facebook Gardai seek information about attempted robbery in Ballyheerin Facebookcenter_img Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Pinterest Google+ Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest 75 positive cases of Covid confirmed in North RELATED ARTICLESMORE FROM AUTHOR WhatsApp Further drop in people receiving PUP in Donegal last_img read more