Potential first-time homebuyers are still on the fence. Stay relevant to this new market.
According to the latest Campbell/Inside Mortgage Finance HousingPulseTracking survey, the first-time homebuyer share of home purchases fell to 34.7% in October, the lowest first-time homebuyer share ever recorded in the three-year history of the survey. Many potential buyers are still waiting it out and may not be sure about the possibilities, including available down payment assistance programs in their market. Realtors, it’s time to employ tools that make you more relevant for today’s buyer, especially first-time homebuyers.