First-time Buyer Market Predicted to Climb Higher Than Overall Housing Pace for 2018
2018 is on pace to be the year of the first-time homebuyer, at least that's what the latest reports revealed.
"Over half of mortgage industry executives, or 57%, anticipate first-time home buyer growth in 2018, estimating that market will grow at a faster pace than the overall housing market, according to a Genworth Financial survey conducted at this year's Mortgage Bankers Association's Annual Convention in Denver," according to National Mortgage News.
"About 31% of respondents project the first-time buyer market will grow at the same pace of the overall housing market, while only 12% expect the population's growth to slow."
Though plenty of experts are still uncertain about what the future of the mortgage industry will look like for the year of 2018, most seem to agree on the first-time homebuyer market's climb.
For more on the 2018 projections for first-time homebuyers, click on the image above.
