en English
en Englishes Spanish

951-777-0449

info@downpaymentnetwork.com

4 Ways Modern Agents Are Empowering New Homebuyers

4 Ways Modern Agents Are Empowering New Homebuyers

As we enter a new decade, owning a home may seem even more like a far-fetched goal.

Buyers face an inventory shortage, especially for entry level homes; home prices and rents continue to rise, but not wages; and the entire home buying process is still very much a mystery to many renters. Affordability and saving for a down payment remain top concerns, keeping buyers on the sidelines.

But there are positive trends developing.

At Down Payment Resource, we’re encouraged to hear from many agents who are helping new homebuyers overcome these challenges by addressing them head on. And, just in time. The next three years are expected to produce more first time homebuyers than any point since the recession, according to a recent TransUnion report. The future of the housing market is here.

Here are 4 ways we see modern agents empower new buyers:

  1. 1. Dispel outdated homeownership myths.

  2. Agents are the primary gatekeepers and its critical they help dispel myths that may cause buyers to self-select themselves out of the market. It’s shocking that 65% of homebuyers believe they need 15% down or more, even though the average first-time homebuyer down payment is now just 6% and could be even less thanks to available homeownership programs.

keep reading

The post 4 Ways Modern Agents Are Empowering New Homebuyers appeared first on Down Payment Resource.

img

Down Payment Network

    Related posts

    What COVID-19 Means For First-time Homebuyers

    There are many challenges as a result of COVID-19, but it doesn’t mean you have to put your...

    Continue reading
    by Down Payment Network

    The Impact of COVID-19 on Down Payment Assistance Programs

    by Rob Chrane, CEO, Down Payment Resource We’re closely monitoring the impact of today’s...

    Continue reading
    by Down Payment Network

    Down Payment Resource Presents Beverly Faull Affordable Housing Leadership Award to Tonya Todd

    Tonya Todd honored for championing affordable housing programs Atlanta, GA, February 13, 2020...

    Continue reading
    by Down Payment Network

    Join The Discussion

    Translate Website »