First-Time Homebuyers Looking to Purchase in 2012, Although Major Roadblocks Remain, HousingPulse Finds
May 31, 2012
First-time homebuyers, looking to capitalize on low housing prices and even lower mortgage rates, have revved up their home shopping in recent months, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. And this is welcome news for a mortgage industry looking to jumpstart home purchase mortgage lending. But first-time homebuyers also face a number of speed bumps – if not roadblocks – in the current housing market. These range from tough mortgage underwriting requirements to increased competition from investors looking to snap up housing bargains – challenges that...
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