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Volume 2017 - Number 34

September 7, 2017

Revived Momentum in First-Time Homebuyers To Define Today’s Sales Volume, House Prices

During the second quarter, the housing market witnessed the largest number of first-timers buying homes in almost two decades and that’s helping to drive price appreciation through 2018, according to a new study by Genworth Financial. Second-quarter numbers show that FTHBs accounted for 570,000 single-family home purchases, compared to 424,000 in the previous period. Genworth said this marks the highest quarterly number since 1999 and is the continuation of a trend that began in the third quarter of 2013. That number accounts...

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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