Headlines: The case of the incredibly shrinking first-time homebuyer demographic

By November 5, 2014 Uncategorized
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Here’s a look at what’s happening in real estate in the District of Columbia and beyond.

First-time homebuyers hit lowest level in nearly 30 years

The U.S. economy is improving, employment is growing and home prices are recovering, but first-time homebuyers are not returning to their normal, historical levels of homeownership.  CNBC

Where have all the first-time homebuyers gone?

“Rising rents and repaying student loan debt makes saving for a down payment more difficult, especially for young adults who’ve experienced limited job prospects and flat wage growth since entering the work force,” says NAR’s chief economist.  Washington Business Journal

1,700 residential units coming to Bethesda

Of the residential units in the pipeline in Bethesda, roughly 400 of then are condos. Additional apartments and retail space are also on the horizon.  Urban Turf

Congruency in design can sustain home’s value

Consistency doesn’t mean that every room should have the same finishes or materials.  Rather, it means that there should be a general congruency throughout the home.  Washington Post

How I stopped being a victim after I was attacked

If I were to give any advice to anyone in our community of REALTORS®, it would be to listen to your gut more. We’re all so eager to get the next deal; we’re not listening. Even as our gut is screaming, we think it won’t be us. — Realtor Magazine

Survey confirms yard signs, open houses taking back seat to mobile

After rising from 8 percent to 40 percent from 2001 through 2011, the percentage of buyers who found their homes on the Internet has remained steady at 43 percent for two years in a row. — Inman News

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