After hearing about the trend from its member NAR added a survey question about multigenerational families and found that 14 percent of households did include adult children, parents and/or grandparents. Yun said this was another manifestation of the difficulty of obtaining a mortgage and of slow growth in good paying jobs. The statistics presented by the article, which also featured relevant information about the current mindset of a homebuyer, show the uncertainty of Americans to invest, for example, in a Virginia home loan program to obtain their dream homes. As the housing industry is still trying to get back on its feet, it is also understandable that a lot of first-time buyers would be hesitant to invest in a mortgage. The recent federal government shutdown has also put uncertainty into the minds of buyers. Furthermore, first-time buyers are susceptible to mistakes such as overlooking hidden costs and neglecting to look far into the future.
http://virginia.churchillmortgage.com/industry-news/a-look-at-the-link-between-first-time-buyers-and-virginia-home-loans/
No comments:
Post a Comment