search
first-time homebuyers
Trends
- 1Andy Burnham plans to revive Help-to-Buy scheme●Despite the housing crisis being in a large part caused by the high price of housing (stoked by the lax availability of
Greater Manchester mayor Andy Burnham is looking to revive the Help-to-Buy scheme for first-time buyers, reviving debate over whether such subsidies help or harm. Critics argue that schemes of this kind fuel demand with easy credit, pushing house prices up further, and amount to a short-term fix rather than addressing the underlying housing crisis, which many link to high prices driven by lax credit availability and limited supply.
- 2Senate bill would match first-time homebuyers' savings five to one▼New Senate bill: first-time homebuyers who save up to $10,000 would get a 5-to-1 HUD match, capped at $50,000. Homes mus
A new Senate bill proposes that first-time homebuyers who save up to $10,000 receive a 5-to-1 federal match from HUD, capped at $50,000, to put toward a home purchase. To qualify, the home must be priced at or below the area's median price, and only personal savings count toward the match. Supporters see it as a significant boost for Americans priced out of the housing market, though details of funding and passage remain uncertain.
- 3New York metro ranked fifth-hardest US market for first-time buyers▼NYC homes out of reach? Why this city ranks the 5th-hardest US metro for first-time buyers
A new ranking places the New York City metropolitan area as the fifth-most-difficult US metro for first-time homebuyers. The assessment reflects the city's notoriously high purchase prices and the growing gap between local incomes and housing costs. The finding fuels ongoing debate about affordability in one of America's priciest property markets, where many aspiring buyers say ownership remains out of reach.