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     526  0 Kommentare 17 Million First-Time Homebuyers May Enter Housing Market within Next 5 Years

    CHICAGO, IL--(Marketwired - October 18, 2016) - Approximately 17 million first-time homebuyers are projected to enter the housing market within the next five years, according to a new TransUnion study. Nearly three million first-time homebuyers are expected to join the housing market in 2017. Many of these buyers could potentially benefit from Fannie Mae's recent adoption of consumer credit reports that incorporate trended data in its mortgage underwriting process.

    "Our projection of millions of first-time homebuyers comes at a time when consumers may see increased benefits from the use of trended data in the underwriting of Fannie Mae loans," said Steve Chaouki, executive vice president and head of TransUnion's financial services business unit. "TransUnion's CreditVision trended data offer lenders an expanded view of consumer behavior that can reveal important insights such as who pays their credit card balances in full each month. Through the use of trended data that allow lenders to view a consumer's payment behavior over a period of time, we believe many consumers could qualify for better loan rates -- possibly saving them tens of thousands of dollars."

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    TransUnion's study found that younger consumers (ages 20-39) represent an increasing majority of first-time homebuyers. In Q4 2015, consumers in this age group represented 60% of first-time homebuyers, up from 44% in Q4 2000. The youngest consumer subset observed, those ages 20-29, also have experienced major growth among first-time homebuyers, as their share has risen from 17% in Q4 2000 to 28% in Q4 2015.

    First-Time Homebuyer Trends (2000 - 2015)


    Category/Timeframe
      Q4 2000   Q4 2005   Q4 2010   Q4 2015

    % of First-Time Homebuyers Ages 20-39
     
    44%
     
    54%
     
    55%
     
    60%

    The increase in younger consumers purchasing their first homes comes at a time when first-time homebuyers are comprising a historically larger percentage of purchases than they have in past. At the start of the new millennium, first-time homebuyers comprised less than half of agency and government loan purchases; by 2015, this had grown to over 55%.

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    Verfasst von Marketwired
    17 Million First-Time Homebuyers May Enter Housing Market within Next 5 Years CHICAGO, IL--(Marketwired - October 18, 2016) - Approximately 17 million first-time homebuyers are projected to enter the housing market within the next five years, according to a new TransUnion study. Nearly three million first-time homebuyers are …