TD Bank surveyed 1,007 Americans planning to buy their first home in 2023 to learn more about their path to purchasing a home, as well as their thoughts on preparedness
surveyed 1,007 Americans planning to buy their first home in 2023 to learn more about their path to purchasing a home, as well as their thoughts on preparedness for the process as housing costs fluctuate nationwide.Amid cooling inflation and rising housing costs, many first-time homebuyers feel more certain about their financial situations, according to a recent study.
Despite interest rate levels, homeownership continues to be seen as a sustainable way to build intergenerational wealth, while providing the added benefit of shoring up a buyer's financial position over the long term.While inflation and rising rates are two factors first-time homebuyers can't control, some are rethinking their approach to provide some flexibility in the homebuying process.
Depending on a buyer's personal financial situation, how long they expect to be in the home, and other risk-based considerations, there may be alternate mortgage options to consider in the near- and long-term when it comes to financing a home. However, only 22% of first-time homebuyers start the process of speaking with a mortgage lender in order to determine whether they qualify.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Slammed for Hosting BBQ While Hamas Holds Americans Captive: ‘BBQ First, America Last’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Valerie Rivera, CFP, on how to help more Americans succeed as first generation wealth buildersValerie Rivera, a financial planner and first-generation American wealth builder, shares with CNBC her thoughts on improving access to quality financial advice.
Read more »
US Fed's top bank cop defends effort to hike bank capitalUS Fed's top bank cop defends effort to hike bank capital
Read more »
First 2024 Tesla Cybertruck Reportedly Auctioned for $400,000, with First Deliveries Still ElusiveCaleb Miller began blogging about cars at 13 years old, and he realized his dream of writing for a car magazine after graduating from Carnegie Mellon University and joining the Car and Driver team. He loves quirky and obscure autos, aiming to one day own something bizarre like a Nissan S-Cargo, and is an avid motorsports fan.
Read more »