First-time homebuyers could face increased default risks in 2018

By David Wharton | DSnews

American Enterprise Institute’s (AEI) International Center on Housing Risk has released a new installment of its National Housing Market Index (NHMI), examining the state of the market in the second half of 2017 and where it’s likely to go in 2018. Chief among the findings: the national home purchase market continued its boom in Q3 2017, with sales transactions up 6.2 percent year-over-year. This was the twelfth consecutive quarter showing an increase in sales transactions, and that’s in spite of a nationwide increase in house prices.

The NHMI report states that “looser lending, lower mortgage rates, and a decline in international buyers has tilted the home purchase market over the last three years from cash sales towards institutional financed sales. Other financed sales have remained stable as a share of the overall market.”


Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories