Rising Rates, First-Time Homebuyers Drive Market in November

Rising mortgage rates helped push first-time homebuyers to buy properties in November, while investors lost some of their enthusiasm for distressed properties last month. These are two of the major findings of the latest HousingPulse Tracking Survey released by the market research firm Campbell Surveys Monday.

The company found that first-time buyers’ share of home purchases jumped from 34.4 percent in October to 37.2 percent last month as long-term mortgage rates started to climb from the record lows set in early November.

Read More: http://bit.ly/fP9bNq 

 

 

 

 

 

 

Advertise With Us

Advertise With Us
Apply to be the Exclusive Foreclosure Expert in your Region... Learn More!

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

Top 5 Mistakes

Follow Us

Facebook Icon Youtube Icon Twitter Icon Mimian Icon
AddThis Social Bookmark Button