UNCATEGORIZED

First-time buyers hold key to spring-summer activity

Apr 3, 2013, 1:00 PM | Updated: Mar 4, 2016, 5:52 am

First-time homebuyers represented the fastest growing segment of home purchasers for January and February and will prove critical in 2013’s traditional buying season, according to the latest Campbell/Inside Mortgage survey.

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

“First-time home buyers are the wildcard in the upcoming spring-summer home-buying season,” said 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. First-time home buyers are dependent on low-down-payment financing and FHA program changes will take effect this spring.”

Current homeowners make up 42.5 percent of the market share, while first-time homebuyers share climbed to 34.5 percent of home purchase transactions in February, after reaching a four-year survey low of 32.9 percent in December.

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

Uncategorized

kent trooper shot...

Kate Stone

Man faces multiple charges after WSP trooper shooting in Kent

A man accused of shooting a Washington State Patrol trooper multiple times in Kent last Friday has been charged.

1 month ago

Oregon Emergency Landing - (Elizabeth Le via AP)...

KIRO 7 News Staff

‘Everyone was eerily calm,’ recalls passenger aboard ill-fated Alaska Airlines flight

Terror in the skies: A Vancouver, Washington, woman shares the harrowing moments after an airplane blowout over Portland.

3 months ago

Photo: SPD vehicle...

KIRO 7 News Staff

Two men shot at bus stop in North Seattle near Northgate

Two men were shot at a bus stop along Aurora Avenue Wednesday, according to the Seattle Police Department.

5 months ago

Manuel Ellis arrest, Tacoma police officers...

Associated Press

Prosecutors focus on video evidence in trial of Washington officers charged in Manny Ellis’ death

A cellphone video of the 2020 fatal arrest of Manny Ellis shows the Black man on the ground with his hands in the air in surrender

6 months ago

...

No Author

EXPIRED: Win tickets to see Stokley at EQC!

KIRO Newsradio is giving you a chance to win two tickets to see Stokley at the Emerald Queen Casino on Saturday, November 11, 2023!

6 months ago

(File photo)...

L.B. Gilbert

NLRB files complaint against Amazon for unlawful confidentiality agreement

A new complaint from the National Labor Relations Board (NLRB ) is accusing Amazon of requiring some corporate employees to sign an unlawful confidentiality agreement. The complaint states Amazon had required a former employee from its drone project, Amazon Prime Air, to sign an agreement that forbade discussion of information regarding Amazon, whether or not […]

7 months ago

First-time buyers hold key to spring-summer activity