First-time home buyers represented the fastest growing segment of home purchasers for January and February, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.

Meanwhile, current home owners looking to move up posted the largest drop in market share in the month, dropping to the lowest market share recorded of current home owners since last June.

Current home owners make up 42.5 percent of the market share, while first-time home buyers share climbed to 34.5 percent of home purchase transactions in February, based on a three-month moving average. First-time home buyers posted its second monthly increase, after reaching a four-year survey low of 32.9 percent in December.

The survey showed that first-time home buyer traffic reached a four-year high in February.

“First-time home buyers are the wildcard in the upcoming spring-summer home buying season,” says Thomas Popik, research director for Campbell Surveys. “We see strong first-time homebuyer traffic, but it’s still not clear that the traffic will translate into increased purchases, because first-time home buyers are dependent on low-down-payment financing, such as FHA mortgages, and announced FHA program changes will take effect this spring.”

Current home owners are expected to increase their home purchases this spring, with the survey measuring a big jump in home buyer traffic among this group of buyers too.

Also, investors’ share of home purchases climbed to a four-month high in February, accounting for 34.5 percent of transactions.

Source: Campbell/Inside Mortgage Finance HousingPulse Tracking Survey

  • What Is Title Insurance?

    Title insurance protects the policy owner against loss in the event that the property’s title or legal ownership is something other than insured. It helps ensure that the property owner is assuming clear title for the real estate being purchased. Title insurance is different than other types of insurance in that it offers protection against…

    Read More

  • We rebate money to buyers.

    Related

    Read More

  • Are You Looking To Buy A Home In Alexandria?

    Today we’re featuring this property for sale at River Towers in Alexandria Virginia. We highlight properties that are interesting, unique or just good deals. This 1 bedroom property is listed for $168,000. We like to keep our eyes open for home buying opportunities for our clients. Related

    Read More

  • Basics Of Home Buying in Arlington VA

    The most important investment you will ever make is probably the purchase of a home. Finding the right home in Arlington can be challenging but that’s why Nesbitt Realty is here. Related

    Read More

  • Inlet Cove is near Fort Belvoir and Potomac Mills

    Inlet Cove outside Belvoir
    Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene Related

    Read More


first-time buyer
Nesbitt Realty helps first-time home-buyers realize their home-buying dreams.

Market Updates, Real Estate, , ,