June 20, 2024

Loan Officer, Mortgage Insurance, Servicing, Origination, Sales Tools, Homebuyer Education

Explore the Evolving Traits of First-Time Homebuyers

Buying a home has been a quintessential part of the American Dream for decades. According to Bankrate’s Financial Security survey1 in 2023, 74% of adults in the U.S. consider homeownership an important part of the American dream staying ahead of having children at 42% and a successful career at 61%. However, today's first-time homebuyer is not the same as previous generations. Economic and societal changes have led to a shift in priorities and behaviors when it comes to purchasing a home. In this infographic, we break down what today’s first-time homebuyer looks like to help provide insight into their behaviors.

 

Download Now Buton

  Todays First-time Homebuyer Article Header

 

 

 

 

 

 

 

 

 

 

 


[1]https://www.bankrate.com/mortgages/down-payment-survey/?mf_ct_campaign=yahoo-synd-feed&utm_content=syndication#key-takeaways

  

© 2024 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. “Radian” is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance provided by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. This communication is provided for use by real estate or mortgage professionals only and is not intended for distribution to consumers or other third parties. This does not constitute an advertisement as defined by Section 1026.2(a)(2) of Regulation Z.

 

 

Card image cap

Loan Officers' Social Media Checklist: Best Practices to Help Build Your Brand

Loan officers can benefit from social media to connect with potential borrowers, build their brand, and establish themselves as a reliable authority in the mortgage industry. Optimizing social media profiles and posting strategies can attract new business and create lasting relationships with borrowers and business professionals. Check out our checklists to get started!

Card image cap

5 Tips for REO Disaster Planning

Read about preventative measures you can take to minimize damage and recover quickly when a natural disaster impacts your properties.

Card image cap

The American Dream of Homeownership Starts with Financial Literacy

As we celebrate National Financial Literacy month this April, it’s a reminder of the important role that financial literacy plays in preparing for the homebuying journey. Learn more about financial literacy for homebuyers.

Card image cap

Preparing to Buy or Sell a Home in the Spring

Spring is the busiest season in real estate, with warmer weather and blooming flowers highlighting a property's best features, and buyers prioritizing home tours before family obligations. Take a look at our checklists to help buyers and sellers prepare for the upcoming busy market.

Card image cap

4 Simple Steps for Loan Officers to Build Lasting Relationships in 2024

Using these 4 Simple Steps, Loan Officers can help their elevate business and redefine success in 2024 by building strong relationships with real estate agents, prior clients, local community organizations, and other trusted service providers.

Card image cap

The Millennial and Gen Z Homebuyer

Recognizing and understanding behaviors of Millennial and Gen Z homebuyers can empower loan officers and real estate agents to engage these distinct generations of homebuyers.

Card image cap

Radian Launched Affordable Housing Crisis White Paper

Learn more about how increasing mortgage rates, skyrocketing home costs, and a lack of supply in the market have left many wondering if they will ever be able to afford a home.

Card image cap

The Untapped Potential of Home Equity Lending

New trends are emerging that lenders should be aware of, including the return of home equity loans and HELOCs. Here are just three of the reasons why now is the time to take advantage of this market.

Card image cap

Understanding the Next Generation of Homebuyers - The ABCs of Gen Y and Z

There is a new generation of homebuyers emerging in the market. What should loan officers and mortgage brokers know about this next generation of homebuyers?

Card image cap

Are you ready for the Great Rebound in Self-Employed Borrowers?

Are you ready for the Great Rebound in self-employed borrowers? In this infographic you will learn more on what's behind the great rebound in self-employment and more. Check out this infographic that provides statistics on the big resignation, the growth in remote working and the grow in gig work.