Revived Momentum in First-Time Homebuyers To Define Today’s Sales Volume, House Prices
September 7, 2017
During the second quarter, the housing market witnessed the largest number of first-timers buying homes in almost two decades and that’s helping to drive price appreciation through 2018, according to a new study by Genworth Financial. Second-quarter numbers show that FTHBs accounted for 570,000 single-family home purchases, compared to 424,000 in the previous period. Genworth said this marks the highest quarterly number since 1999 and is the continuation of a trend that began in the third quarter of 2013. That number accounts...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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