Who Is Still on First? An Update of Characteristics of First-Time Homebuyers - Liberty Street Economics
A look at the characteristics of first-time homebuyers and their resilience since the COVID-19 crisis.| Liberty Street Economics
A look at the characteristics of first-time homebuyers and their resilience since the COVID-19 crisis.| Liberty Street Economics
Based on recent proposals and policy dialogue, it would appear that first-time home buyers (FTB) are indeed facing desperate times. For example, in a recent Urban Institute study, Michael Stegman, Ted Tozer, and Richard Green advocate for a zero-downpayment Federal Housing Administration (FHA) mortgage. They argue that this would be a more efficient way to deliver much needed support to help households transition to homeownership given the challenges of high house prices and mortgage rates.| Liberty Street Economics
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Wolf Richter| wolfstreet.com
